The US Government Has Set Up Foreign Trade Zones (FTZ) That

question 61

Multiple Choice

The U.S. government has set up foreign trade zones (FTZ) that

• A)are located on U.S. soil but are considered to be outside of U.S. commerce for tariff purposes.
• B)are located in foreign countries and designed to export to the United States.
• C)are located in foreign countries and are designed to import from the United States.
• D)are located in the United States and are considered part of the United States for tariff purposes.

---

Definitions:

Economy Regulation

The imposition of rules by the government intended to modify the economic behavior of individuals, firms, or industries to achieve policy outcomes.

Unfunded Liability

A financial obligation or promised benefit for which sufficient funds have not been set aside, often relating to pensions or other post-employment benefits.

U.S. Federal Government

The national government of the United States, consisting of three branches: legislative, executive, and judicial.

Medicare

A federal program that provides for (1) compulsory hospital insurance for senior citizens, (2) low-cost voluntary insurance to help older Americans pay physicians’ fees, and (3) subsidized insurance to buy prescription drugs. Financed by payroll taxes.