Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
E lection of 1796
Steel
A hard, strong alloy of iron with carbon and often other elements, used widely as a structural and fabricating material.
Dumping
The practice of selling a product in a foreign market at a price lower than the production cost or domestic market price, often to gain market share or dispose of surplus.
Heckscher-Ohlin Theorem
An economic theory stating that countries will export goods that use their abundant factors of production and import goods that use their scarce factors of production.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period.
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