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Compare and Contrast the Structure and Purpose of a Free

question 13

Essay

Compare and contrast the structure and purpose of a free trade area and a customs union or common market.(Compare and contrast NAFTA with the EU.)


Definitions:

Initial Understanding

The foundational or basic comprehension of a concept, phenomenon, or situation before further, deeper learning takes place.

Dependent Variables

Variables in an experiment that are expected to change as a result of changes made to the independent variables.

Frequency Polygon

A graphical representation of the distribution of numerical data. It is a line graph of class frequencies plotted against mid-point values.

Normal Distribution

A bell-shaped distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.

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