USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

THOMAS JEFFERSONS PRESIDENCY LOUISIANA PURCHASE LEWIS CLARK AND MORE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is an Embargo?
A
A ban of all trade
B
A ban of some trade
C
An authorization to trade
D
An increase to the price to sell a good
Explanation: 

Detailed explanation-1: -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-2: -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-3: -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-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.