A(n) ________ Is a Specially Designated and Controlled Geographical Area

question 107

Multiple Choice

A(n) ________ is a specially designated and controlled geographical area in which imported or exported goods receive preferential tariff treatment.

• A) economic union
• B) customs union
• C) free trade zone
• D) free trade area

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Definitions:

Inferential Statistic

A set of methods used to make inferences or predictions about a larger population based on data collected from a smaller sample.

P Value

A statistical measure that helps scientists determine the significance of their research results, reflecting the likelihood that the observed data could occur by chance.

Mean

A statistical measure that represents the arithmetic average of a set of numbers.

Statistically Significant

A term used to describe a result that is unlikely to have occurred by chance alone, according to a predetermined threshold of probability.