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Recall the Application about the best speed at which to sail an ocean cargo ship to answer the following question(s) .
-Based on the Application,the marginal benefit of sailing a ship faster is
Free Trade Zones
Designated areas where goods can be imported, handled, manufactured, and re-exported under specific customs regulation but generally not subject to customs duty.
Developing Countries
Countries with a lower level of economic development, characterized by lower industrialization, lower income per capita, and often higher levels of poverty compared to developed countries.
Duties and Tariffs
Taxes imposed by governments on the import and export of goods.
Facilities
Physical buildings and infrastructures that are used for the production, handling, or storage of goods.
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