The Members of the European Community Have Limited the Number

question 62

Multiple Choice

The members of the European Community have limited the number of cars Japanese automakers can export into the European market.This is an example of which type of trade barrier?

• A)Tariff
• B)Quota
• C)Embargo
• D)Dumping

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Definitions:

Wage Controls

Governmental policies or regulations aimed at setting or capping the levels of wages within an economy.

Health Care Accessible

The extent to which individuals can obtain needed medical services, often influenced by factors such as affordability, physical accessibility, and availability.

Private Health Insurance

Health insurance coverage provided by non-governmental organizations, offering a range of benefits and coverage options beyond what is typically available through public health services.