Four Major Trends Affecting World Trade in the Past Decade

Multiple Choice

Four major trends affecting world trade in the past decade are formal economic integration and free trade among nations, global competition among global companies for global customers, the emergence of networked global marketspace, and

A) a gradual decline in economic protectionism by individual countries.
B) a significant increase in economic protectionism and a decline in free trade.
C) redefined national boundaries and a more aggressive attitude towards initiating international tariffs and quota systems.
D) a decrease in most countries' GDPs and a renewal of nationalism.
E) an increase in most countries' GDPs coupled with an increased degree of consumer ethnocentrism.