Question

The growth of trade as a percentage of global GDP Multiple Choice suggests that the United States is increasing its role as the most dominant player in global trade. is surprising given the level of conflict among nations. reflects the globalization of markets. represents an argument for greater barriers to trade. indicates growing isolationism among countries especially developing economies.

Answer 1

The fact that trade now represents a higher percentage of global GDP reflects the globalization of markets.

What is the globalization of markets?

• Refers to the current phenomenon observed where goods and sold around the world.
• Has led to an explosion of choice for consumers and an increase in market size for producers.

As a result of so much trade being done amongst countries, global GDP has risen and analysis show that a large part of this is down to the international trade conducted amongst countries.

In conclusion, option c is correct.

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