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A country prohibits the import of foreign cars. This exemplifies a(n)Multiple Choiceimport duty.embargo.quota.tariff.

Question

A country prohibits the import of foreign cars. This exemplifies a(n)

  • import duty.
  • embargo.
  • quota.
  • tariff.
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Solution

Understanding the Concepts

  1. Import Duty: A tax levied on goods brought into a country.
  2. Embargo: A government order that restricts commerce with a specified country or the exchange of specific products.
  3. Quota: A limit on the quantity of a product that can be imported or exported during a given time period.
  4. Tariff: A tax imposed on imported goods and services.

Analysis

In this case, the key phrase is "prohibits the import of foreign cars." This indicates that there is a complete restriction on importing those cars rather than just a tax or a limit on the quantity.

  • Import Duty and Tariff would imply that some form of importation is still allowed, differentiated only by additional costs.
  • Quota suggests that a limited number of foreign cars could be imported, which contradicts the prohibition described in the question.
  • Embargo indicates a full prohibition on a specific product or from a specific country.

Conclusion

Given this analysis, the correct answer is embargo, as it captures the concept of a complete ban on the import of foreign cars.

Final Answer

embargo

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