Which Type Of Trade Barrier Is Explicitly Used For Political Purposes?
Answer :
A. Tariffs
B. Embargoes
C. Quotas
D. Standards
Correct Answer: B. Embargoes
Explanation:
An embargo is a government directive aimed at restricting trade and business within a particular country. Embargoes typically arise from strained financial or political relations between two nations. By isolating a nation and creating challenging situations for its government, an embargo pressures the affected country to resolve the underlying issue that triggered its imposition.
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