Examlex
Oceanography may be described as a collection of basic sciences that are applied to the sea.
Tariff
A tax imposed on imported goods and services to increase their price and make domestic products more competitive.
U.S. Market
This term refers to the economic market in the United States encompassing the trading of goods, services, securities and commodities.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others.
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