Examlex
Related to the Economics in Practice on p. 664: When a country imposes a quota, imports to that country generally ________ and the price of the affected product in that country generally ________.
Firm Bidding
A procurement and contracting method where bidders submit fixed price proposals that cannot be altered after submission.
Best-And-Final-Offers
Best-and-final offers are the last and most competitive bids or proposals requested from suppliers or contractors during a negotiation, after which a selection is made.
Clarify
To make a statement or situation less confused and more understandable.
Payment Bond
A type of surety bond that guarantees the payment of subcontractors, laborers, and suppliers on construction projects.
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