A(n)________ is an extreme quota that completely prohibits commerce and trade with a specific country.
A)tariff
B)embargo
C)protectionist quota
D)perfect monopoly
E)expropriation

Question

Quizplus · Accepted Answer

An embargo is a trade barrier that completely restricts commerce and trade with a specific country. It is an extreme form of protectionism, which is the use of tariffs, quotas, and other measures to protect domestic industries from foreign competition. Embargoes are often used as a political tool to put pressure on an unfriendly country or to protest against human rights violations or other issues.

A(n)________ Is an Extreme Quota That Completely Prohibits Commerce and Trade