Match the folowing terms to the most accurate definition.

Group of answer choices

Trade Policies

[ Choose ] An acronym that stands for International Commercial Terms - it is the world's essential terms of trade and hold universal meaning for buyers and sellers around the world. Based on the International Tariff System that sets up the tariff rates and statistical categories for all merchanted imported in the US. Government actions that influence the flow and amount of international trade. A tax on imports collected by the importing goverment. For the US, it is deposited to the US Treasury and becomes a part of the US General Budget. An agreed upon system among member nations to help trade flow as freely as possible to support and integrate all countries, including developing countries, into the international trading system.

Tariffs on Trade

[ Choose ] An acronym that stands for International Commercial Terms - it is the world's essential terms of trade and hold universal meaning for buyers and sellers around the world. Based on the International Tariff System that sets up the tariff rates and statistical categories for all merchanted imported in the US. Government actions that influence the flow and amount of international trade. A tax on imports collected by the importing goverment. For the US, it is deposited to the US Treasury and becomes a part of the US General Budget. An agreed upon system among member nations to help trade flow as freely as possible to support and integrate all countries, including developing countries, into the international trading system.

Harmonized Tariff System

[ Choose ] An acronym that stands for International Commercial Terms - it is the world's essential terms of trade and hold universal meaning for buyers and sellers around the world. Based on the International Tariff System that sets up the tariff rates and statistical categories for all merchanted imported in the US. Government actions that influence the flow and amount of international trade. A tax on imports collected by the importing goverment. For the US, it is deposited to the US Treasury and becomes a part of the US General Budget. An agreed upon system among member nations to help trade flow as freely as possible to support and integrate all countries, including developing countries, into the international trading system.

Harmonized Tariff Schedule of the United States

[ Choose ] An acronym that stands for International Commercial Terms - it is the world's essential terms of trade and hold universal meaning for buyers and sellers around the world. Based on the International Tariff System that sets up the tariff rates and statistical categories for all merchanted imported in the US. Government actions that influence the flow and amount of international trade. A tax on imports collected by the importing goverment. For the US, it is deposited to the US Treasury and becomes a part of the US General Budget. An agreed upon system among member nations to help trade flow as freely as possible to support and integrate all countries, including developing countries, into the international trading system.

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