A(n) ________ is an extreme quota that completely prohibits commerce and trade with a specific country.

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An embargo is a government-imposed extreme quota that fully prohibits trade and commerce with a particular country. Tariff is a tax applied on imported or exported goods; protectionist quota is a quota that limits the amount of foreign goods allowed to enter a country to protect domestic companies; perfect monopoly exists when a company holds 100% market share and has complete control over the price and supply of a product; and import refers to the act of bringing in goods or services from another country.

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