WORLD HISTORY

HISTORY

HISTORY OF THE MIDDLE EAST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following BEST describes an embargo?
A
a ban placed on all trade with a particular country
B
a tax placed on goods imported from a country
C
a tax on export goods paid to the exporting government
D
a limit on the amount of goods that can be imported from a country
Explanation: 

Detailed explanation-1: -A nontariff barrier is a trade restriction–such as a quota, embargo or sanction–that countries use to further their political and economic goals.

Detailed explanation-2: -1 : an order of a government prohibiting the departure of commercial ships from its ports. 2 : a legal prohibition on commerce. 3 : stoppage, impediment; especially : prohibition.

Detailed explanation-3: -In academia, an “embargo” is a restriction placed on a thesis or dissertation that allows only the title, abstract, and citation information to be released to the public, while the full text of the work is kept hidden for a limited period of time.

Detailed explanation-4: -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. It can be imposed both in war and peacetime, covering all aspects of trade and economic activity.

There is 1 question to complete.