Examlex
Find the first term and the common difference for the arithmetic sequence. Round approximations to the nearest
hundredth.
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Predatory Dumping
It involves temporarily reducing the price of goods in foreign markets to eliminate competition, with the intent to raise prices once competition has been reduced or eliminated.
Tariff
A tax imposed on imported goods and services, which can affect trade between countries by increasing the cost of imported goods.
Infant Industries
Newly established industries that are often protected by the government from international competition until they become competitive.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity can produce it.
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