The emphasis of the European Free Trade Association has been on free trade in consumer goods
Indicate whether the statement is true or false.
FALSE
The emphasis of the European Free Trade Association (EFTA) has been on free trade in industrial goods. Agriculture was left out of the arrangement, each member being allowed to determine its own level of support. Members are also free to determine the level of protection applied to goods coming from outside the EFTA.
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When a firm pursues a differentiation strategy, it is attempting to ________
A) achieve the efficient production and delivery of products B) be the lowest-cost producer for a particular level of product quality C) expand the company to increase the firm's sales D) develop products that have unique characteristics
An embargo is a type of comprehensive sanction
Indicate whether the statement is true or false