Besides tariffs, a government can use a number of other tools to restrict trade. Which of the following is a tool aimed at restricting trade?
A) an embargo
B) a subsidy
C) an export quota
D) a currency exchange control

Question

Quizplus · Accepted Answer

An embargo is a government-imposed restriction on trade with one or more countries, usually for political or economic reasons. It involves a ban on the import or export of specific goods or services. Embargoes are used as a tool to restrict trade by limiting the flow of goods and services into or out of the country imposing the embargo.

Besides Tariffs, a Government Can Use a Number of Other