Question

8 - interactions within the global economy
learning objective: understand how interactions within the global economy are regulated.
what would it be called if the u.s. government enforced a regulation to stop importing coffee from a particular foreign country altogether?
a.) import tariff
b.) import embargo
c.) import tax
d.) import quota

Explanation:

An import embargo is a complete ban on importing goods from a particular country. An import tariff and import tax are forms of taxes on imported goods, and an import quota limits the quantity of imports, not stops them altogether.

Answer:

B. Import embargo