Question: Which Type Of Trade Barrier Is Explicitly Used For Political Purposes?
A. Standards
B. Embargoes
C. Quotas
D. Tariffs
Answer: B. Embargoes
Brief explanation:
A trade embargo is a severe form of trade barrier used by nations to limit trading capabilities and cripple a country’s economy. Trade embargoes, which are significant economic sanctions, are widely employed by nations to stifle political opposition or enforce their own political agendas. They are typically imposed between countries at war.
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