A situation in which a nation, as the result of its previous experience
and/or natural endowments, can produce a product with fewer
resources than another nation.
The sale of a good by a foreign supplier in another country at a price
lower than the supplier sells it in its home market.
An organization composed of most
non-Communist countries designed to set the rules for the
conduct of international trade and reduce barriers to trade
among nations.
A specific quantity (or value) of a good permitted to be imported
into a country during a given year.
A tax levied on goods imported into a country.
