Nations Sometimes Form Free-Trade Associations and Establish Areas Where There

question 155

Multiple Choice

Nations sometimes form free-trade associations and establish areas where there are few, if any, export and import duties or other regulations that would act as barriers to trade among partners.These are called:

• A)free trade zones
• B)preferred tariff pacts
• C)interaction zones
• D)customary-duty areas
• E)regulation-free zones