Which of the Following Has Occurred in International Trade Over

question 19

Multiple Choice

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

• A)There has been a dramatic lowering of 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 been removed.
• D)The volume of world trade has increased dramatically.
• E)All of these choices.

---

Definitions:

Herfindahl-Hirschman Index

A measure used to assess the level of market concentration and competition within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Concentration Ratio

A measure of the total market share that is controlled by a specified number of the largest firms in the industry.

Market Share

The portion of total industry revenue attributed to a specific company over a predetermined time frame.

Concentration Ratio

A measure of the market share controlled by the largest firms within an industry, used to indicate the degree of market competition.