Which of the Following Statements Is True of Foreign Trade

question 16

Multiple Choice

Which of the following statements is true of foreign trade zone?

• A)It is an area through which merchandise is allowed to pass with fewer procedures but higher taxes.
• B)These areas provide very limited employment opportunities.
• C)Goods imported into these zones require import licenses and are subject to import duties.
• D)International companies can store goods in these zones without incurring taxes,before shipping them to other countries.

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Definitions:

Manhole Covers

Heavy, typically circular plates that cover manholes, providing access to underground utilities while preventing accidents or unauthorized entry.

Foundry

An industrial facility where metals are melted and cast into shapes by pouring the molten metal into molds.

Productivity Improvement

The process of increasing the efficiency and effectiveness of a process, often by reducing waste and optimizing resources.

Output

The amount of goods or services produced by a process or system, serving as a measure of productivity and efficiency.