Jim and Milly Are One of 10 Couples Who Have

question 67

Multiple Choice

Jim and Milly are one of 10 couples who have decided to buy and restore an older house in a deteriorated urban neighbourhood. Jim and Milly are part of a movement referred to as_________ _.

• A) city upgrading
• B) megalopolis
• C) urban networking
• D) urban renovation
• E) gentrification

---

Definitions:

Free Trade

The unregulated exchange of goods and services across borders without tariffs or other barriers.

Political Union

A type of state or entities agreement which involves a shared government and often a merged economy and policy-making.

Trade Restrictions

Measures implemented by countries to regulate or limit the import and export of goods and services, including tariffs, quotas, and embargoes.

GATT

GATT, or the General Agreement on Tariffs and Trade, was a multilateral treaty aimed at reducing trade barriers and promoting international trade through the regulation and liberalization of trade policies.