Examlex
Which of the following acts as a barrier to trade?
Higher Level of Unemployment
A state in which there is a larger than usual number of people without jobs, indicating increased job scarcity or economic downturns.
Business Cycle
The fluctuations in economic activity characterized by periods of economic expansion and contraction over time.
Economic Activity
The actions that involve the production, distribution, and consumption of goods and services in an economy.
Unemployment and Inflation
Two key indicators in economics, where unemployment measures the percentage of the workforce that is jobless, and inflation indicates the rate at which the general level of prices for goods and services is rising.
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