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5 votes
Match each type of restriction with an example of its use.

Banking

regulation

?

Charging a 70 percent

tariff on imported steel

Trade restriction

?

Requiring unions to give

60 days notice before

going on strike

Labor law

Requiring that money

laundering be reported

1 Answer

6 votes

Answer:

1. Bank regulations: Requiring that money laundering be reported.

2. Trade restriction: Charging a 70 percent tariff on imported steel.

3. Labor law: Requiring unions to give 60 days notice before going on strike.

Step-by-step explanation:

1. Trade restriction refers to the limits or barriers put in place on foreign trade by the government so as to protect domestic producers and improve the Gross Domestic Products (GDP).

For instance, charging a 70 percent tariff on imported steel.

2. Bank regulations can be defined as the guidelines, laws, or requirements governing banking institutions in order to provide transparency in their transactions and maintain solvency.

For instance, requiring that money laundering be reported.

3. Labor laws are set of laws with respect to the rights and responsibilities of employees, employers and government such as remuneration, employment, trade union, condition of service etc.

For instance, requiring unions to give 60 days notice before going on strike.

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