ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Subsidy
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Embargo
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Tariff
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Quota
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Detailed explanation-1: -An embargo (from the Spanish embargo, meaning hindrance, obstruction, etc. in a general sense, a trading ban in trade terminology and literally “distraint” in juridic parlance) is the partial or complete prohibition of commerce and trade with a particular country/state or a group of countries.
Detailed explanation-2: -A government restriction placed on the import or export of goods, services, currency, and other values to any other country or state. Written by CFI Team. Updated January 9, 2023.
Detailed explanation-3: -A government boycott is an absolute restriction against the purchase and importation of certain goods from other countries. An embargo is a refusal to sell to a specific country. A public boycott can be either formal or informal and may be government sponsored or sponsored by an industry.
Detailed explanation-4: -Sanctions and embargoes are political trade restrictions put in place against target countries with the aim of maintaining or restoring international peace and security.
Detailed explanation-5: -Afghanistan. Belarus. China. Crimea. Cuba. Eritrea. Iran. Myanmar. More items