Examlex
Two parents whose phenotypes both show a dominant trait will have a child who shows the recessive version of the trait
Tariff
A tax imposed by a government on goods and services imported from other countries, intended to increase their price and make domestic products more competitive.
Most-Favored-Nation Status
A trade status granting a nation the best trading terms available to any other nation, such as lowest tariffs or highest import quotas.
Negotiated Tariff Rates
Tariff rates determined through bargaining between countries, rather than set unilaterally, often resulting in lower duties.
Free-Trade Zone
A designated area where goods can be imported, stored, handled, manufactured, or reconfigured without being subject to import duties.
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