Question

How are tariffs different from embargoes?
A.
Tariffs block all trade with a foreign country, while embargoes are taxes on imported or exported goods.

B.
Embargoes block all trade with a foreign country, while tariffs are taxes on imported or exported goods.

C.
Embargoes are taxes on imported or exported goods, while tariffs are limits on the number of goods that can be imported or exported.

D.
Tariffs are taxes on imported or exported goods, while embargoes are limits on the number of goods that can be imported or exported.

Answer 1

B. Embargoes block all trade with a foreign country, while tariffs are taxes on imported or exported goods.