ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
a country is trying to build by a nuclear arms program that might threatened national security. What is the BEST trade barrier option against that country?
A
tariff
B
quota
C
currency exchange
D
embargo
Explanation: 

Detailed explanation-1: -International Campaign to Abolish Nuclear Weapons (ICAN) – Facts-NobelPrize.org.

Detailed explanation-2: -These new weapons-enhanced many-fold by hydrogen bombs-caused such horrendous destruction that it was inconceivable they could actually be used as instruments of warfare. Their sole purpose, aside from serving as indicators of prestige, is deterrence-the prevention of war. Nuclear technology was making was obsolete.

Detailed explanation-3: -The United States conducted its first nuclear test explosion in July 1945 and dropped two atomic bombs on the cities of Hiroshima and Nagasaki, Japan, in August 1945.

There is 1 question to complete.