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3. Factors that influence international trade In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.   -Better high-speed rail lines   -International trade agreements such as the North American Free Trade Agreement (NAFTA)   -Higher tariffs

3. Factors that influence international trade In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.   -Better high-speed rail lines   -International trade agreements such as the North American Free Trade Agreement (NAFTA)   -Higher tariffs

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 5CQQ
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3. Factors that influence international trade

In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP.
Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.
 
-Better high-speed rail lines
 
-International trade agreements such as the North American Free Trade Agreement (NAFTA)
 
-Higher tariffs
 
-The widespread use of the Internet to conduct business
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