_____ Is an International Framework of Rules and Principles for Reducing

question 72

Multiple Choice

_____ is an international framework of rules and principles for reducing trade barriers across countries around the world.

• A)European Economic Community
• B)NAFTA
• C)GATT
• D)ASEAN
• E)IMF

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Definitions:

Duration

The measure of the length of time that an event lasts or a condition persists.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed in order to be enforceable.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, typically involving the buying, selling, and leasing of such property.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions, intended to harmonize the law of sales and other commercial agreements within the United States.