In a free trade area, all barriers to the trade of goods and services among member countries are removed and a common external trade policy is adopted
Indicate whether the statement is true or false.
FALSE
In a free trade area, all barriers to the trade of goods and services among member countries are removed. Each country, however, is allowed to determine its own trade policies with regard to nonmembers.
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Which one of the following statements represents an advantage of a Q system over the P system?
A) A perpetual inventory system is not mandatory. B) Orders for multiple items from the same supplier can be combined more easily. C) Fixed replenishment intervals are possible, which can be, administratively, quite convenient. D) The Q system is more suited for quantity discounts and physical limitations.
The Internet is an example of a loosely coupled network in which the failure of a part does not bring the whole "system" to a halt
Indicate whether the statement is true or false