What Is an Advantage of Free-Trade Agreements

question 5

Multiple Choice

What is an advantage of free-trade agreements?

• A)They protect domestic industries and jobs by taxing goods imported from outlying regions.
• B)They protect the well-being of people by restricting the flow of goods being exported from their country.
• C)They reduce the impact of globalization by preventing the loss of capital from a country.
• D)They provide managers with a threat-free environment to work within.
• E)They provide manufacturing organizations with opportunities to reduce production costs.

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Definitions:

Parol Evidence

Evidence outside of a written contract which is not admissible to alter, contradict, or add to the terms of the written agreement.

Final Statement

The last financial document summarizing all account activity and balances at the conclusion of a transaction or accounting period.

Orally Agreed-on Condition

An orally agreed-on condition refers to terms or stipulations in a contract that have been agreed upon verbally and not written down.

Parallel Rights

Similar or concurrent rights held by different entities that can exist simultaneously without interfering with each other.