Asked by mariam sadat on Jun 10, 2024
Verified
Which of the following statements about the relationship between Australia and New Zealand is true?
A) The bilateral relationship between the two countries remains strong, and is evident from the progress on the continuing trans-Tasman trade and economic agenda.
B) The relationship between Australia and New Zealand is weakening economically.
C) The gap between Australia and New Zealand's business law regimes is widening.
D) The trans-Tasman Mutual Recognition Arrangement was disbanded in 2002.
E) There is an increase in compliance costs for companies operating in both countries.
Trans-Tasman Trade
Describes the trade relationship and economic exchanges between Australia and New Zealand, named after the Tasman Sea that separates the two countries.
Economic Agenda
A set of priorities and plans designed by a government or organization to guide economic policies and actions.
Bilateral Relationship
A relationship between two countries or entities characterized by mutual agreements, cooperation, or exchange of goods/services.
- Analyze the economic relationships and trade dynamics between specific countries and regions.
Verified Answer
Learning Objectives
- Analyze the economic relationships and trade dynamics between specific countries and regions.
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