A Free Trade Area Is

question 20

Multiple Choice

A free trade area is:

• A) two countries that have a common external tariff.
• B) a geographic area between two countries where there are no tariffs.
• C) a group of two or more countries in which import duties and other trade barriers are reduced or eliminated.
• D) a geographic area between two countries where tariffs are reduced, but not necessarily eliminated.

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Definitions:

Globalization

The evolution of an integrated and interdependent world economy.

Big Data

Large and complex data sets that require advanced tools and methodologies for analysis, processing, and storage.

Data Analysis

The process of examining, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Data Analytics

Data analytics encompasses the techniques and processes used to examine and analyze datasets to uncover trends, patterns, and insights, often for the purpose of making better decisions.