What Are Export Processing Zones Famous For

question 41

Multiple Choice

What are export processing zones famous for?

• A) high wages for laborers and tax breaks for TNCs
• B) low wages for laborers and tax breaks for TNCs
• C) high wages for laborers and tax breaks and other special privileges for TNCs
• D) low wages and tax breaks for laborers

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Definitions:

Communism

A political system characterized by collective ownership of the factors of production and allocation of goods and services to workers according to their needs, argue for revolutionary means to establish a communal society.

Mercantilism

An economic theory that emphasizes the importance of stockpiling precious metals and exporting more than importing to boost a nation's wealth and power.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Human Development Index

A statistical tool that measures a country's overall achievement in its social and economic dimensions, based on factors like life expectancy, education, and per capita income levels.