#1
Which of the following best defines an Export Processing Zone (EPZ)?
An area where only import is allowed
An area where goods can be imported, manufactured, and exported with certain exemptions
An area exclusively for domestic trade
An area where only export is allowed
#2
In which decade did the concept of Export Processing Zones (EPZs) originate?
#3
Which of the following industries commonly operates in Export Processing Zones (EPZs)?
Agriculture
Healthcare
Textiles and apparel
Education
#4
What is the primary benefit of establishing Export Processing Zones (EPZs) for developing countries?
Increased government regulation
Decreased foreign investment
Enhanced economic growth and development
Limited access to global markets
#5
What is the main objective of Export Processing Zones (EPZs) regarding employment?
To reduce job opportunities
To increase unemployment rates
To generate employment opportunities
To promote outsourcing
#6
Which of the following is NOT a typical feature of Export Processing Zones (EPZs)?
Geographical segregation
Customs exemptions
Stricter labor regulations
Infrastructure facilities
#7
What is the primary purpose of Export Processing Zones (EPZs) in terms of trade?
To increase import tariffs
To encourage domestic consumption
To promote international trade and exports
To restrict foreign investment
#8
Which of the following countries was the first to establish an Export Processing Zone (EPZ)?
China
India
Singapore
Taiwan
#9
What is one of the primary goals of an Export Processing Zone (EPZ)?
To restrict international trade
To provide tax breaks to domestic businesses
To encourage foreign investment and boost exports
To promote import substitution
#10
Which of the following is a potential drawback of Export Processing Zones (EPZs)?
Increased job opportunities
Environmental degradation
Diversification of industries
Strengthening of local economies
#11
What role does infrastructure play in the success of Export Processing Zones (EPZs)?
It is unnecessary for EPZs
It is crucial for efficient operations and logistics
It leads to increased taxation
It discourages foreign investment
#12
In which region are Export Processing Zones (EPZs) most commonly found?
Europe
Africa
North America
Antarctica
#13
What is a 'Free Trade Zone' (FTZ), and how does it relate to Export Processing Zones (EPZs)?
FTZs are the same as EPZs
FTZs are areas where international trade restrictions are eliminated, while EPZs offer tax incentives
FTZs only focus on imports, while EPZs focus on both imports and exports
FTZs are managed by international organizations, while EPZs are managed by national governments
#14
In addition to tax incentives, what else might Export Processing Zones (EPZs) offer to attract foreign investors?
Strict environmental regulations
High import tariffs
Access to skilled labor
Limited infrastructure
#15
Which of the following is NOT a typical incentive offered in Export Processing Zones (EPZs)?
Tax exemptions
Cheap labor
Access to infrastructure
Import restrictions
#16
Which international organization often supports the establishment and development of Export Processing Zones (EPZs) in various countries?
United Nations Educational, Scientific and Cultural Organization (UNESCO)
World Health Organization (WHO)
International Monetary Fund (IMF)
United Nations Industrial Development Organization (UNIDO)
#17
Which of the following countries has the largest number of Export Processing Zones (EPZs)?
United States
China
Germany
Brazil
#18
What is the typical duration of tax exemptions provided to companies operating in Export Processing Zones (EPZs)?
Indefinite
1 year
5 years
10 years
#19
Which of the following countries has a significant number of EPZs and is known for its successful implementation of the concept?
Russia
Mexico
Australia
Canada