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Economics Mcqs
Q
A foreign-trade zone (FTZ) is ?
AA. A regional area within which trade with foreign nations is allowed
BB. A free trade agreement among several nations
CC. Designed to limit exports of manufactured goods by placing export taxes on goods made within the zone
DD. Designed to promote exports by deferring imports duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically
Correct Answer:
D. D. Designed to promote exports by deferring imports duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically
