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Basic Question 7 of 17
Which of the following is least desirable to exporters?
B. A quota
C. An embargo
D. A voluntary restraint agreement
A. A tariff
B. A quota
C. An embargo
D. A voluntary restraint agreement
User Contributed Comments 3
| User | Comment |
|---|---|
| taz81 | what is an embargo? |
| rt2007 | an embargo is the prohibition of commerce and trade with a certain country, in order to isolate it and to put its government into a difficult internal situation. |
| cfastudypl | well said rt2007. |
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Colin Sampaleanu
Learning Outcome Statements
compare types of trade restrictions, such as tariffs, quotas, and export subsidies, and their economic implications
CFA® 2024 Level I Curriculum, Volume 1, Module 6.