1. Which one of the following statements is true? O Prior to the Age of Discovery in Europe (starting about 1500), little global trade existed. Global trade has been growing at a steady, linear pace for the past 500 years. O In history, the "Silk Road" was primarily used for trade between China and Russia. O There is a strong correlation between changes in national trade volumes and national GDP growth. O Global trade in services is a small and declining fraction of total global trade. 2. Which one of the following statements regarding the "Center of Gravity of Global Trade" is accurate? O It has moved consistently in a North-Westerly direction O. It has not moved significantly over recorded history O It has been shifting back to the South-East since the Second World War O It is forecast to move West in the future

1. Which one of the following statements is true? Prior to the Age of Discovery in Europe (starting about 1500), little global trade existed. Global trade has been growing at a steady, linear pace for the past 500 years. In history, the "Silk Road" was primarily used for trade between China and Russia. There is a strong correlation between changes in national trade volumes and national GDP growth. Global trade in services is a small and declining fraction of total global trade. 2. Which one of the following statements regarding the "Center of Gravity of Global Trade" is accurate? It has moved consistently in a North-Westerly direction It has not moved significantly over recorded history It has been shifting back to the South-East since the Second World War It is forecast to move West in the future