________ are geographical areas wherein goods may be imported and exported free from customs tariffs and in which a variety of trade-related activities may be carried on.
A) Foreign priority sectors
B) Closed sectors
C) Free zones
D) Exclusive economic zones

Question

Quizplus · Accepted Answer

Free zones are geographical areas wherein goods may be imported and exported free from customs tariffs and in which a variety of trade-related activities may be carried on. Foreign priority sectors and closed sectors are not commonly used terms in international trade. Exclusive economic zones are maritime zones established by coastal countries where they have special rights for exploring, exploiting, and managing natural resources, but they are not necessarily exempt from customs tariffs or designed for trade-related activities.

________ Are Geographical Areas Wherein Goods May Be Imported and Exported