Which Trading Bloc Has the Goal to Reduce Tariffs by 75

question 5

Multiple Choice

Which trading bloc has the goal to reduce tariffs by 75 percent and achieve full economic integration?

• A) NAFTA
• B) ASEAN
• C) CAFTA-DR
• D) Mercosur
• E) APEC

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Definitions:

Performance

Performance is the action or process of carrying out or accomplishing tasks, often measured against preset standards of accuracy, completeness, cost, and speed.

Expatriates

Individuals who live and work outside their native country, often for business or professional reasons.

Distant Cultures

Cultures that are significantly different from one's own, often marked by differences in social norms, values, language, and practices.

Cultural Distance

A measure of how different two cultures are from each other, which can affect international business and employee relations.