A Free­trade Area Is

question 17

Multiple Choice

A free­trade area is:

• A)a group of countries that agrees there will be "no rules" about trade-anything goes.
• B)a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among
• Them.
• C)a group of countries that agrees to eliminate barriers to trade between themselves while keeping tariffs in place against the rest
• Of the world.
• D)a group of countries that eliminates trade barriers among themselves and erects a common tariff against all other nations.

---

Definitions:

Thrombocytopenia

A condition characterized by an abnormally low number of platelets in the blood, leading to increased bleeding and bruising.

Herniated Lumbar Disks

A condition where the soft center of a spinal disk in the lumbar region pushes through a crack in the exterior casing, often causing back pain.

Competitive Strategies

Approaches that an organization adopts to outperform competitors and achieve a superior position in the industry.

Business Organizations

Entities formed for the purpose of carrying out commercial activities, typically structured to meet legal, financial, and operational requirements.