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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.

Related Questions: Which Of The Following Is Not A Benefit Of Federalism?

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