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________ are quotas that lead to a complete abolishment of trade. voluntary export restraints embargoes nontariff barriers orderly marketing agreements

Question

________ are quotas that lead to a complete abolishment of trade.

  • voluntary export restraints
  • embargoes
  • nontariff barriers
  • orderly marketing agreements
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Solution

The term that describes quotas that lead to a complete abolishment of trade is "embargoes." An embargo is a government-imposed restriction that prohibits the exchange of goods and services with certain countries or regions. It is often used as a tool in foreign policy to exert pressure on a nation, typically in response to political conflicts, human rights violations, or other significant issues. Embargoes can severely impact international relations and trade dynamics, as they not only halt imports and exports but can also affect the economies of both the imposing country and the target country. In contrast, the other options listed (voluntary export restraints, nontariff barriers, and orderly marketing agreements) do not lead to a complete stoppage of trade but rather impose limitations or regulations on trade.

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