Argonia Imposes a Total Ban on Importing Sugar from Paldia

question 73

Multiple Choice

Argonia imposes a total ban on importing sugar from Paldia.What type of trade restrictions has Argonia used?

• A)quota
• B)embargo
• C)protective tariff
• D)revenue tariff

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Definitions:

Trade Barriers

Measures imposed by governments or public authorities to regulate foreign trade and protect domestic industries from foreign competition.

Import Quotas

Limits set by a government on the amount or number of goods that can be imported into a country over a set period of time.

Foreign Sovereign Immunities Act

A U.S. law that sets limitations on lawsuits against foreign governments in U.S. courts, establishing certain conditions under which foreign sovereigns are not immune from litigation.

Jurisdiction

The authority given to a legal body to administer justice within a defined field of responsibility.