The Evolution of Global Trade
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Questions and Answers

Which term is often used to describe the process of integration of national economies into a global economic system?

  • Isolation
  • Nationalization
  • Globalization (correct)
  • Localization

    • What does the chart show about the value of world exports over the period 1800-2014?

  • Exports have decreased over time
  • Exports have fluctuated over time
  • Exports have remained constant over time
  • Exports have grown remarkably over time (correct)

    • How much larger are exports today compared to 1913?

  • 20 times larger
  • 10 times larger
  • 30 times larger
  • 40 times larger (correct)

    • What can clicking on the 'Linear' option on the chart help you see?

    <p>The growth in international trade over the last couple of centuries</p> Signup and view all the answers

    What kind of growth has international trade roughly followed over the long run?

    <p>Exponential growth</p> Signup and view all the answers

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