A Quantitative Restriction on Specific Imports for a Set Period

question 1

Multiple Choice

A quantitative restriction on specific imports for a set period of time is referred to as ________.

• A)tariff
• B)quota
• C)investment barrier
• D)country risk

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Definitions:

Unemployment Rate

The share of the labor market that is unoccupied but searching for jobs.

Cyclical Unemployment

Unemployment that arises during periods of economic downturn or recession, reflecting the overall health of the economy rather than individual or structural factors.

Frictional

Pertaining to the period of time and inefficiency in processes where resources, especially labor, move from one employment to another, contributing to transient joblessness.

Unemployment Rate

The portion of the labor market that is out of work and actively pursuing job opportunities.