Quotas that entirely eliminate trade in a certain product or a number of products are known as
A)export tariffs.
B)deadweight.
C)ultimate tariffs.
D)embargoes.

Question

Quizplus · Accepted Answer

Quotas that completely prohibit trade in a certain product or products are known as embargoes. Export tariffs are taxes on goods leaving a country, deadweight refers to losses incurred due to inefficiencies in a market, and ultimate tariffs are not a commonly recognized term in economics.

Quotas That Entirely Eliminate Trade in a Certain Product or a Number