Examlex
Hydrangeas are flowering plants with large, showy blooms. When the plant is grown in alkaline soil, the flowers are pink. When the plant is grown in acidic soil, the flowers turn blue. This change is phenotype is an example of
Economic Integration
Occurs when two or more nations join to form a free-trade zone.
Free-Trade Zone
A specific area within a country where goods may be imported, handled, manufactured, or reconfigured without direct intervention by the customs authorities, often to encourage trade and investment.
Acquired Comparative Advantage
An advantage gained by a country or firm through learning, innovation, and investment, as opposed to natural endowments.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported.
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