QUESTION IMAGE
Question
4 multiple choice 1 point a(n) ______ refers to a complete ban on importing or exporting of products from a specific country. quota absolute tariff embargo protective tariff
Brief Explanations
To solve this, we analyze each option:
- Quota: Limits the quantity of imports/exports, not a complete ban.
- Absolute tariff: A type of tax on imports/exports, not a ban.
- Embargo: Defined as a complete ban on importing/exporting from a specific country, matching the description.
- Protective tariff: A tax to protect domestic industries, not a ban.
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C. embargo