Although Embargos Are Enacted Upon Both Imports and Exports, This

question 158

Multiple Choice

Although embargos are enacted upon both imports and exports, this form of trade protectionism is often the result of

• A) physical and environmental limitations on trade.
• B) nontariff barriers.
• C) currency fluctuations.
• D) political disagreements between nations.

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Definitions:

UCC

Stands for Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.

Shipment

The process of transporting goods from one place to another.

Breach

The violation of a law, duty, or other form of agreement.

Subjective Standard

A legal standard that is based on a person's individual perceptions, feelings, or opinions, rather than on external objectively measurable criteria.