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3. Problem 3 World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8%
3. Problem 3 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. Better high-speed rail lines Improvements in telecommunications An increasing number of import quotas International trade agreements such as the North American Free Trade Agreement (NAFTA)
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