What is a complete ban on the import of a product known as?
A) an import quota
B) an embargo
C) a revenue tariff
D) a protective tariff

Question

Quizplus · Accepted Answer

A complete ban on the import of a product is known as an embargo. An import quota is a limit on the quantity of a product that can be imported. Revenue tariff is a tax on imported goods, which is imposed to generate revenue for the government. Protective tariff is a tax on imported goods, aimed at protecting the domestic industry from foreign competition.

What Is a Complete Ban on the Import of a Product