Which of the following best describes how the Single European Act increased international trade? The act served to increase regulations on the import of certain clothing and textiles imports among European countries. The act served to increase taxes on imports and exports, further incentivizing international trade among the participants of the act. The act served to decrease taxes on goods imported from South American countries only. The act removed taxes on certain goods and made regulations more uniform for all European countries covered in the act. Outsourcing business functions to other countries international trade. There are many factors that influence international trade, including inflation. An increase in a country's rate of inflation will, all else equal, cause a in that country's current account balance