Marsa and Hunare Are Asian Nations

question 104

Multiple Choice

Marsa and Hunare are Asian nations. Jorwen, Kellpit, and Denqor are North American nations. These five nations recently signed a multilateral agreement that allows them to carry out business operations with minimal tax implications. This arrangement would allow Jorwen, Kellpit, and Denqor to import goods from Marsa and Hunare, which have low labor costs and high production quality. This agreement among these five nations is most likely possible because of the _____.

• A) Retail Association Cooperative Agreement
• B) European Investment Treaty
• C) General Agreement on Tariffs and Trade
• D) American Free Trade Agreement

---

Definitions:

Closely Held Corporation

A type of company that is owned by a small group of people who are usually closely associated with the business.

Publicly Trades

Pertains to companies whose shares are bought and sold on stock exchanges, allowing investors to purchase ownership interests in the businesses.

Auction Market

A market where buyers and sellers enter competitive bids simultaneously; the price is determined by the highest bid received by the seller.

Articles of Partnership

Legal documents that outline the terms, conditions, and responsibilities of each partner in a partnership business.