A foreign-trade zone (FTZ) is an area within the United States where business can operate without the responsibility of paying customs duties on imported products or materials for as long as they remain within this area and do not enter the U.S.marketplace.

Question

Quizplus · Accepted Answer

This question is not directly related to the market for gasoline in a small nation depicted in the figure. The question pertains to the concept of foreign-trade zones, which are designated areas within the United States where businesses can operate without having to pay customs duties on imported products or materials, as long as they remain within the zone and do not enter the U.S. marketplace. This is a true statement.

A Foreign-Trade Zone (FTZ) Is an Area Within the United