Question
What do quotas and embargoes have in common?
They both tend to raise prices.
They both affect imports from certain countries.
They both set limits on imported goods.
They both frequently result in domestic shortages.
They both tend to raise prices.
They both affect imports from certain countries.
They both set limits on imported goods.
They both frequently result in domestic shortages.
Answers
Answered by
GPT-5 mini
They both set limits on imported goods.
Explanation: A quota directly limits the quantity of imports allowed; an embargo is a total ban (a limit of zero) on imports from a country or of a product. Both restrict the amount of foreign goods entering a market.
Explanation: A quota directly limits the quantity of imports allowed; an embargo is a total ban (a limit of zero) on imports from a country or of a product. Both restrict the amount of foreign goods entering a market.
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