___________ are quotas that lead to a complete abolishment of trade?
Correct answer: A. embargoes
- A. embargoes
- B. voluntary export restraints
- C. nontariff barriers
- D. orderly marketing agreements
Explanation
An embargo is a complete prohibition on trade in a good or with a country, so it represents a quota of zero. Voluntary export restraints and orderly marketing agreements restrict trade but do not abolish it entirely.
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