Question

3. Factors that influence international trade World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply. Improvements in telecommunications Increases in the global population International trade agreements such as the North American Free Trade Agreement (NAFTA) An increasing number of affordable international flights

Answer 1

Step-by-step explanation:

The increase in international trade and finance since the 1950's can be explained by the following statements:

International trade agreements such as the North American Free Trade Agreement (NAFTA)

Improvements in telecommunications

These two statements show the increase in international trade and finance. International trade is the trade between two or more nations that are engaged in economic transactions from one country to another and such trade allows countries to use their resources efficiently which increases total economic welfare and also allows for product specialization.