ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an official limit on the number or amount of things that are allowed
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a tax on goods coming into or leaving a country
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A government order that ends trade in some way.
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None of the above
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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: -Embargoes are a method of controlling traffic movements when, in the judgment of the serving railroad, accumulations, threatened congestion or other interference with operation warrant temporary restrictions against such movements.
Detailed explanation-4: -Examples from Collins dictionaries The United Nations imposed an arms embargo against the country. That country experienced comprehensive embargoes on trade and finance. The fruit was embargoed. They embargoed oil shipments to the U.S.