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Author Question: How has the composition of trade flows changed from the early 20th century to today? Compared to the ... (Read 122 times)

kodithompson

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on: Jun 30, 2018
How has the composition of trade flows changed from the early 20th century to today? Compared to the past, is anything about trade today new?
 
  What will be an ideal response?

Question 2

A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future.
 
  Indicate whether the statement is true or false


ju

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Prior to World War I, most trade consisted of agricultural commodities and raw materials, while today trade is primarily manufactured consumer goods and capital goods. Given recent advances in telecommunications, services now can be outsourced and service industries face growing international competition.

Answer to Question 2

TRUE


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