________ are quotas that result in a total prohibition of trade?
Correct answer: A. embargoes
- A. embargoes
- B. tariff-rate quotas
- C. voluntary export restraints
- D. nontariff barriers
Explanation
An embargo is a complete prohibition on specified trade, so it can be viewed as a quota of zero. Tariff-rate quotas allow a limited quantity at a lower tariff rather than banning trade completely.
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