An embargo is
A)A prohibition on exports or imports.
B)A tax imposed on imported goods.
C)A limit to the quantity of a good that may be imported in a given time period.
D)An orderly marketing agreement.

Question

Quizplus · Accepted Answer

An embargo is a prohibition or ban on exports or imports of a specific good or from a specific country. It is a political and economical measure taken by a government to achieve certain objectives such as national security or protecting domestic industries. It is different from a tax or a limit on imports, which do not completely ban the trade of a particular good or with a particular country. It is also different from an orderly marketing agreement, which is a voluntary arrangement between producers and importers to regulate the supply and demand of a specific good in a particular market.

An Embargo Is