Which of the Following Has Occurred in International Trade Over

question 47

Multiple Choice

Which of the following has occurred in international trade over the past half-century?

• A) There has been a dramatic increase in the barriers to international trade.
• B) Tariff rates on manufactured goods traded by advanced nations have fallen.
• C) Regulations prohibiting foreign companies from entering domestic markets and establishing production facilities have increased.
• D) The volume of world trade has decreased dramatically.
• E) All of these.

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Definitions:

Division

The process of separating or segmenting a whole into smaller parts or sections.

Hasty Generalization

An argumentative flaw where the ending assertion lacks adequate or neutral supporting proof.

Accident

An unexpected and usually undesirable event, often resulting in damage or injury.

Appeal to Ignorance

A fallacy in reasoning that occurs when it is assumed that a claim is true because it has not been proven false, or vice versa.