ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The European Union places a block on all oil imports from Syria.
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tariff
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quota
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embargo
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None of the above
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Explanation:
Detailed explanation-1: -In addition, the United States prohibits the export of goods and services originating in the territory of the United States or from United States companies or persons to Syria. This prohibition concerns any product of which at least 10% of the value comes from the United States or one of its nationals.
Detailed explanation-2: -Executive Order 13338, signed on May 5, 2004, added sanctions and restrictions on Syria in addition to Syria’s designation as a State Sponsor of Terrorism in 1979.
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