Questions: A complete ban or prohibition of trade of one country with another is called a(n) import quota tariff embargo free trade

A complete ban or prohibition of trade of one country with another is called a(n) import quota tariff embargo free trade
Transcript text: 39 of 82 Concepts completed Multiple Choice Question A complete ban or prohibition of trade of one country with another is called a(n) $\qquad$ import quota tariff embargo free trade
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Solution

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The answer is: embargo.

Explanation for each option:

  1. Import quota: This is a limit on the quantity of a particular good that can be imported into a country. It restricts the amount but does not completely ban trade.

  2. Tariff: This is a tax imposed on imported goods. It makes imported goods more expensive but does not prohibit trade.

  3. Embargo: This is a complete ban or prohibition of trade with a particular country. It stops all trade activities between the countries involved.

  4. Free trade: This is a policy where there are no restrictions or tariffs on trade between countries. It encourages the free exchange of goods and services.

Therefore, the correct answer is "embargo," as it refers to a complete ban on trade between countries.

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