Which of the Following Is True of Regional Trade Agreements

question 64

Multiple Choice

Which of the following is true of regional trade agreements?

• A) They enforce regional restrictions on the cross-border flow of resources and reinforce import-tariffs.
• B) They expose companies based in one member country to increased competition from companies in other member countries.
• C) They hinder the spread of globalization by setting up trade barriers between different countries of the same region.
• D) They provide manufacturing organizations with fewer opportunities to reduce costs and provide managers with fewer threats.
• E) They are created to reduce overall tariffs on goods that flow within a country and increase tariffs on goods that flow between regions.

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Definitions:

Perfect Vacuum

A theoretical state where a space is completely devoid of matter, including air or any other gases, achieving a total absence of pressure.

Sealed Vessel

A container designed to be completely airtight, preventing the exchange of substances with its environment.

Nitrogen

Nitrogen is a colorless, odorless, tasteless gas that makes up about 78% of the Earth's atmosphere, significantly used in fertilizer production, as a refrigerant, and as a replacement for air in tires to maintain stable pressure.

Confined Liquid

A fluid that is trapped or contained within a specific space or system, often under pressure.