A Foreign Trade Zone FTZ) in the U

question 5

Multiple Choice

A foreign trade zone FTZ) in the U. S.:

• A) facilitates rapid calculation of import duties.
• B) facilitates rapid calculation and payment of import duties.
• C) creates and maintains jobs in the United States that might have gone offshore.
• D) is completely different in purpose from a maquiladora in Mexico.
• E) must use only goods made in the U. S. according to the Buy America Act.

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Definitions:

Court Order

A legal document issued by a judge or court that requires or prohibits specific actions by the parties involved.

Consent

The voluntary agreement to or approval of what is done or proposed by another; an essential element of contracts.

Scienter

A legal term referring to the knowledge of wrongdoing, especially with intent to deceive or defraud.

Securities Exchange Act

A U.S. federal law regulating the trading of securities, such as stocks and bonds, in order to protect investors from fraudulent practices.