Which of the following is one way in which an embargo differs from a tariff?(1 point)

Question

Responses

It limits the taxes placed on foreign goods.
It limits the taxes placed on foreign goods.
It bans all importation of foreign goods.
It bans all importation of foreign goods.
It increases the price of foreign goods.
It increases the price of foreign goods.
It allows for free trade of goods.

Answer 1

The correct response is:

It bans all importation of foreign goods.

An embargo completely prohibits the importation of certain goods from a country, while a tariff imposes taxes on imported goods.