Examlex
Explain how to use the iso-profit line in a graphical solution to maximization problem.
GATT
The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement aimed at reducing trade barriers and promoting international trade until it was replaced by the WTO in 1995.
Dumping
The practice of exporting goods at a price lower than the home market price, usually considered as an unfair trade practice and often subject to penalties.
Act of State Doctrine
A principle that a nation's domestic actions are not subject to judicial scrutiny by foreign courts.
Foreign Sovereign
A term referring to a foreign government or its represented leader, often involved in legal issues concerning jurisdiction and immunity.
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