ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which situation would the Canadian government MOST LIKELY impose an embargo on a foreign country?
A
A. if the country posed a threat to the security of Canada
B
if the country specialized in the same goods as Canada
C
if the country used a different form of currency from Canada
D
if the country removed restrictions on immigration from Canada
Explanation: 

Detailed explanation-1: -Economic sanctions are used as a tool of foreign policy by many governments. Economic sanctions are usually imposed by a larger country upon a smaller country for one of two reasons: either the latter is a perceived threat to the security of the former nation or that country treats its citizens unfairly.

Detailed explanation-2: -On October 14, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to list an additional 34 individuals and 1 entity. These individuals and entity are agents of Russian propaganda and their family members, and influential individuals spreading disinformation.

Detailed explanation-3: -Belarus. China. Democratic People’s Republic of Korea. Eritrea. Haiti. Iran. Libya. Nicaragua. More items •09-Jan-2023

There is 1 question to complete.