Martha has heard that Iranian caviar is in demand and is planning to start an importing business.After further research,she found that she is not able to import such product from Iran to the United States.This is an example of:

Question

Quizplus · Accepted Answer

The situation described is an example of an embargo, which is a government-imposed restriction on trade. In this case, the United States government has imposed an embargo on Iranian goods, including caviar, due to political tensions between the two countries. Tariffs are taxes on imported goods, quotas are limits on the quantity of imported goods, and dumping is the practice of selling goods in a foreign market at a lower price than they are sold in the domestic market. None of these terms are applicable to the situation described.

Martha Has Heard That Iranian Caviar Is in Demand and Is