Question

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
A. An increasing number of import quotas
B. Better high-speed rail lines
C. Improvements in telecommunications
D. International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Answer 1

all of the options are correct

Step-by-step explanation: