Which of the Following Has Occurred in International Trade Over

question 46

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)There has been a decline in the value of foreign direct investment.

---

Definitions:

Adjusting Entry

An entry recorded in the books at the period's end to assign earnings and outlays to the correct period.

Liability Account

An accounting record that reflects the amounts a company owes to others, such as loans payable, accounts payable, bonds payable, etc.

Revenue in Advance

Income received by a business for services or goods that will be provided in the future; also known as unearned revenue.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, detailing assets, liabilities, and shareholders' equity.