When a Nation Totally Bans Trade with Another Country, It

question 48

Multiple Choice

When a nation totally bans trade with another country, it is imposing a(n) :

• A) tariff.
• B) embargo.
• C) quota.
• D) trade tax.

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Definitions:

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.

Plant Assets

Long-term tangible assets that are used in the production or selling of goods and services and are not intended for sale.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, part of the cash flow statement.