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Which Type Of Trade Barrier Is Explicitly Used For Political Purposes?

Answer :

A. Tariffs

B. Embargoes

C. Quotas

D. Standards

The Correct option is B Embargoes.

Explanation

A trade embargo is a severe type of trade restriction employed by countries to limit trading capabilities and destroy their economies. Trade embargoes, which are severe economic sanctions, are frequently used by countries to suppress political opposition or enforce their own political agendas. They are usually imposed between countries at war.

Read More - If the Formula in Cell D49 is Copied to Cells E49:F49, What Sequence of Values Would be Generated in Cells D49:F49?

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