A Total Ban on Importing Specific Products or a Total

question 5

Multiple Choice

A total ban on importing specific products or a total stop to trading with a particular country is referred to as a(n)

• A) quota.
• B) tariff.
• C) embargo.
• D) import restriction.

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Definitions:

Quantitative Forecasting

The use of numerical data and statistical models to predict future events or trends.

Qualitative Forecasting

A forecasting method that relies on expert judgment and historical data analysis rather than quantifiable metrics, often used when precise data is unavailable.