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.
Solution
Understanding the Concepts
- Import Duty: A tax levied on goods brought into a country.
- Embargo: A government order that restricts commerce with a specified country or the exchange of specific products.
- Quota: A limit on the quantity of a product that can be imported or exported during a given time period.
- 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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