Four Major Trends Affecting World Trade in the Past Decade

question 215

Multiple Choice

Four major trends affecting world trade in the past decade are a gradual decline in economic protectionism exercised by individual countries, formal integration and free trade among nations, global competition among global companies for global customers, and

• A)an increase in economic protectionism and a decline free trade.
• B)redefined national boundaries and a more aggressive attitude towards initiating international tariffs and quota systems.
• C)a decrease in most countries' GDPs and a renewal of nationalism.
• D)emergence of networked global marketspace.
• E)an increase in most countries' GDPs coupled with an increased degree of consumer ethnocentrism.

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