A ________ Is a Numerical Limit on the Quantity of a Good

question 39

Multiple Choice

A ________ is a numerical limit on the quantity of a good that may be imported into a country during some time period.

• A) quota
• B) numerical export control
• C) voluntary export restraint
• D) regulatory control

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Definitions:

Noncompeting Groups

Segments of the labor market where workers do not compete with each other for jobs due to differences in skills, geographies, or job functions.

Geographic Immobilities

The difficulties and barriers in moving jobs or resources across different geographic locations, affecting labor markets and resource allocation.

Unionization Rate

The percentage of a particular population of workers that belongs to labor unions; alternatively, the percentage of a population of workers that is represented by one union or another in collective bargaining.

Union Members

Individuals who belong to an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.