Attempts Average / 1 1. Study Questions #1. Chl. Which of the following factors explain why the world's trading nations have become increasingly interdependent, from an economic and political viewpoint, during the post-World War II era? Check all that apply. The formations of the European Community and the Organization of Petroleum Exporting Countries The aging of the Western population The reindustrialization of Europe and Japan The post-World War II baby boom Grade It Now Save & Continue Continue without saving 2. Study Questions #2. Ch 1. Which of the following are major arguments for an open trading system? Check all that apply. It causes the displacement of domestic firms and workers. ) It enables the development of more efficient production methods. It leads to higher prices. ()It leads to lower prices. Grade It No Attempts Average / 1 3. Study Questions #3. Ch 1. What significance does growing economic interdependence have for a country like the United States? Check all that apply. Foreign competition increasingly affects profits of domestic firms. International political and economic events have an increasingly important effect on energy prices in the United States. O Exports and imports decrease as a share of national output. O The U.S. agricultural sector increasingly benefits from free trade. Grade It Now Save & Continue Continue without-savi