A(n) ________ Refers to a Complete Ban on Importing or Exporting

question 29

Multiple Choice

A(n) ________ refers to a complete ban on importing or exporting of products from a specific country.

• A) absolute tariff
• B) health quarantine
• C) quota
• D) embargo

---

Definitions:

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Risk Averse

The preference to avoid uncertainty and potential losses in decision-making, favoring safer options even if they offer lower potential returns.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds.

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio to reduce exposure to any single asset or risk.