Select all that applyWhich two of the following are reasons why international trade has increased in the last 30 years?Multiple select question.Better transportationMore countries opting out of trade associationsThe increased power of the Soviet UnionImproved communications
Question
Select all that applyWhich two of the following are reasons why international trade has increased in the last 30 years?Multiple select question.Better transportationMore countries opting out of trade associationsThe increased power of the Soviet UnionImproved communications
Solution
The two reasons why international trade has increased in the last 30 years are:
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Better transportation: Over the past few decades, advancements in transportation technology have made it easier, faster, and cheaper to ship goods around the world. This has allowed countries to trade with each other more frequently and in larger volumes.
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Improved communications: The rise of the internet and other communication technologies has made it easier for businesses in different countries to connect, negotiate and conduct business. This has led to an increase in international trade.
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