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learning: business in a global economy question which of the following best describes an embargo? answer it is a total restriction on an import or an export. it is a limitation on the amount of an import allowed to enter a country. it is a tax imposed on an imported good or service. it occurs when a government provides financial assistance to domestic producers to help them compete against foreign producers. i dont know yet
An embargo is a complete halt on trade of certain goods or all goods with a particular country, which means a total restriction on an import or an export. A limitation on the amount of an import is a quota, a tax on an imported good is a tariff, and government - provided financial assistance to domestic producers is a subsidy.
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It is a total restriction on an import or an export.