Examlex
A test is standardized by developing consistent procedures for administering and scoring and also by __________
Dumping
The practice of exporting goods at a price lower than their normal value, often with the intention of undermining local markets or competitors.
General Agreement on Tariffs and Trade
An international treaty that was aimed at reducing tariffs and other trade barriers to promote international trade; it was the precursor to the WTO.
Trade Restrictions
Measures imposed by governments to limit or control international trade, such as tariffs, quotas, and embargoes.
Retaliation
Actions taken in response to an offense or wrongdoing, often seen in international trade policies as countermeasures to tariffs.
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