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

## Step 1<br />The 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. <br /><br />## Step 2<br />Let's analyze each option:<br />- 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.<br />- 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.<br />- Regulation refers to the rules or laws that govern a particular activity or industry. It is not a type of trade barrier.<br />- A tariff is a tax imposed on imported goods and services. It is not a type of trade barrier.<br /><br />## Step 3<br />Based on the above analysis, the correct answer is "Embargo".