Engineering Chiefs, a large U.S.-based mechanical engineering firm, wants to enter the global market. Upon careful analysis of the market, they will find that global trade
(1 point)
A. opportunities are diminishing.
B. is dominated by emerging, developing countries.
C. is likely to be severely restricted in the future by nontariff trade barriers.
D. is big business today and is expected to be more important in the future.

D. is big business today and is expected to be more important in the future.

Explanation:

Advancement in technology,  improved logistics and transports networks, and cooperation between countries are some of the reasons making international trade grow exponentially. The flow of people and commodities across borders is much faster and easier in modern times. Many countries also have liberalized their economies, resulting in fewer restrictions on imports and exports.

Due to these reasons, international trade has become very competitive. The quantities and value of international trade are increasing and will continue to grow. The interdependence of firms in and countries mean that international trade will remain important.