Question

What is the difference between an Embargo and a Tariff?(1 point)
Responses

An embargo is a set limit of goods that can enter a country and a tariff is a ban on all trade with that country
An embargo is a set limit of goods that can enter a country and a tariff is a ban on all trade with that country

A tariff is the cost of what you had to give up, while an embargo is the desire for a certain good
A tariff is the cost of what you had to give up, while an embargo is the desire for a certain good

An embargo is a ban on all trade with a country and a tariff is a tax on a goods that come into a country
An embargo is a ban on all trade with a country and a tariff is a tax on a goods that come into a country

A tariff is the removal of all trade barriers, while an embargo is a set limit of goods that can enter a country

Answers

GPT-4o mini
The correct response is:

**An embargo is a ban on all trade with a country and a tariff is a tax on goods that come into a country.**

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