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 scenario describes an embargo, which is a government-imposed restriction on trade with a particular country or group of countries. In this case, the U.S. government has imposed an embargo on Iranian goods, which prevents Martha from importing Iranian caviar. Tariffs are taxes placed on imported goods, quotas are limits on the quantity of goods that can be imported, and dumping refers to the practice of selling goods in a foreign market at a lower price than the domestic market. None of these terms accurately describe the situation described in the scenario.

Martha Has Heard That Iranian Caviar Is in Demand and Is