An empowerment zone is a specially designated area that allows resident companies to import materials and components from foreign countries;assemble,process,package,or manufacture them;and then ship finished products out while incurring low tariffs and duties or,in some cases,paying no tariffs or duties at all.

Question

Quizplus · Accepted Answer

The description provided is more characteristic of a Foreign Trade Zone (FTZ), not an empowerment zone. Empowerment zones are designated areas aimed at economic revitalization through tax incentives and grants to encourage business investment and job creation.

An Empowerment Zone Is a Specially Designated Area That Allows