Tariffs and Quotas Are the Only Two Devices Used to Restrict

question 89

True/False

Tariffs and quotas are the only two devices used to restrict foreign trade.

---

Definitions:

Adequate Compensation

Refers to fair and sufficient payment or remuneration provided to employees for their work, balancing their contributions with their earnings.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a hierarchical pyramid with physiological needs at the base, ascending to self-actualization at the top.

Esteem Needs

According to Maslow's hierarchy, these are the fourth level of human needs, including self-esteem, confidence, achievement, and respect from others.

Self-Actualization Needs

The highest level on Maslow's hierarchy of needs, referring to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences.