BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INTERNATIONAL MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The main justification for an embargo on foreign goods is to
A
Punish a nation
B
raise revenue
C
Increase consumption or the good
Explanation: 

Detailed explanation-1: -Embargoes are considered strong diplomatic measures imposed in an effort, by the imposing country, to elicit a given national-interest result from the country on which it is imposed.

Detailed explanation-2: -An embargo is a government restriction placed on the import or export of goods, services, currency, and other values to any other country or state.

Detailed explanation-3: -The purpose of the embargo is to give journalists time to reflect on the material and seek expert reaction before reporting to the general public, and to avoid giving preferential treatment to any one news source.

Detailed explanation-4: -At times, trade embargoes work because they can contribute to more peace and stability, and they can even prevent the debilitation of human rights violations, terrorism, aggression and nuclear threat. However, long term restrictions can be quite damaging and aggravate poverty and the standard of living for civilians.

There is 1 question to complete.