A particular type of quota that limits all forms of trade on entire categories of goods and services is referred to as _____.
A) a tariff
B) an embargo
C) an exemption
D) a subsidy

Question

Quizplus · Accepted Answer

An embargo is a government order that restricts commerce or exchange with a specified country or the exchange of specific goods. It is often used to limit trade in entire categories of goods and services with a particular country for political reasons.

A Particular Type of Quota That Limits All Forms of Trade