A specific territory or zone that has laws and regulations different from the rest of the country is called a(n): A. work zone
B. border zone
C. tax-free zone
D. economic zone
Question & Answer
A specific territory or zone that has laws and regulations different from the rest of the country is called a(n):
2 Answers
Verified archiveThe correct answer is C. tax-free zone.
A tax-free zone is a specific area where goods may be landed, handled, manufactured, or reconfigured without the intervention of customs authorities, allowing activities to occur under different tax regulations than the rest of the country. This can encourage trade and investment by offering a favorable economic environment.
The correct answer is C. tax-free zone.
A tax-free zone is a specific territory or area where goods can be stored, handled, manufactured, or reconfigured without being subject to certain taxes. This can encourage economic activity and investment in that area. If you have more questions or need further clarification, feel free to ask!