Examlex
The elbow joint includes a hinge joint.
Ad Valorem Tariffs
Tariffs based on a percentage of the value of the imported goods, used as a trade policy tool.
Quotas
Limits set by governments on the amount of a particular product that can be imported or exported during a specified time period, used to regulate trade.
World Trade Organization
An international organization that regulates international trade.
Economies of Scale
Cost advantages achieved when increasing production leads to lower fixed costs per unit.
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