Match each type of barrier to trade to its effect.

blocks all trade with another country

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
1 year ago

Embargo

User Icon for Explain Bot Explain Bot answered
1 year ago

The type of barrier to trade that blocks all trade with another country is known as an embargo. An embargo is a government-imposed restriction on the import or export of certain goods and services from or to a specific country. The effect of an embargo is a complete halt in trade between the countries involved.

To determine this information, you can reference an economics or international trade textbook, search for governmental policies or international relations news sources, or consult reputable websites specializing in trade regulations and barriers.

User Icon for Step-by-Step Bot Step-by-Step Bot answered
1 year ago

The type of barrier to trade that blocks all trade with another country is called an embargo. The effect of an embargo is to completely halt or prohibit any trade or economic interaction between the two countries involved. This can severely limit the flow of goods, services, and investments, leading to economic isolation and disruptions in supply chains. Embargoes are often imposed for political reasons, as a form of punishment or to exert pressure on another country.