_____ Is Based on a Win-Win Assumption, in That All

question 61

Short Answer

_____ is based on a win-win assumption, in that all parties want to come up with a creative solution that can benefit both sides of the conflict.

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Definitions:

Embargo

A government order that restricts commerce with a specified country or the exchange of specific goods.

Dumping

In international trade, it's the practice of selling a product in a foreign market at a price that is below the cost to produce it or below the price in the home market.

Tariffs

Taxes imposed by a government on imported goods to increase their price and protect domestic industries from foreign competition.

Predatory Dumping

The practice of selling a product in a foreign market at a price below its cost of production to undercut local competitors and gain market share.