USA HISTORY

THE 1970S 1969 1979

FOREIGN POLICIES OF PRESIDENT NIXON

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A formal halt to trade with a particular country for economic and political reasons is known as
A
A tariff
B
A quota
C
An embargo
D
A natural trade barrier
Explanation: 

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: -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-3: -What Is an Embargo? An embargo is a trade restriction, typically adopted by a government, a group of countries or an international organization as an economic sanction. Embargoes can bar all trade, or may apply only to some of it, for example to arms imports.

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.

There is 1 question to complete.