The Creation of a Free Trade Zone May Lead to

question 60

Multiple Choice

The creation of a free trade zone may lead to

• A) a decline in exports.
• B) an increase in taxes and duties levied on a product.
• C) a reduction in the price escalation.
• D) a decline in imports.
• E) an increase in labor costs and overheads.

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Definitions:

Decision-Making Criteria

The standards or factors considered when making a choice or judgment.

Levels of Desire

The varying degrees of eagerness or interest that consumers have towards purchasing or engaging with a product or service.

Win-Win Situation

A scenario in negotiations or deals where all parties involved benefit or achieve their objectives, fostering positive relationships and outcomes.

Selling

The process of persuading someone to buy a product or service.