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

Question

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

Answer 1

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.