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Question 5(Multiple Choice Worth 4 Points) Which Type of Trade Barrier Is a Ban on Trade, Either on a Single Product or Any Trade with

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Question 5(Multiple Choice Worth 4 points) Which type of trade barrier is a ban on trade, either on a single product or any trade with a certain country? Embargo License Regulation Tariff

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4.3 (337 Oylar)
Kerem
Uzman doğrulaması
Usta · 5 yıl öğretmeni

Cevap

'A'

Daha Fazla

## Step 1The question is asking us to identify the type of trade barrier that is characterized by a ban on trade, either on a single product or any trade with a certain country. ## Step 2Let's analyze each option:- An embargo is a government order that restricts commerce or exchange with a specified country or the exchange of specific goods. It is a type of trade barrier that involves a ban on trade.- A license is a permission granted by a government or other authority to engage in a particular activity. It is not a type of trade barrier.- Regulation refers to the rules or laws that govern a particular activity or industry. It is not a type of trade barrier.- A tariff is a tax imposed on imported goods and services. It is not a type of trade barrier.## Step 3Based on the above analysis, the correct answer is "Embargo".