Question

What is the BEST definition of an embargo?

A) the prohibiting of trade between countries
B) an increase in exports from select countries
C) a situation of freely traded goods and services
D) the amount that can be legally imported into a country

Answer 1

A trade embargo refers to banning exports or imports to or from one or more countries. These can then be narrowed down more specifically. For example, a strategic embargo prevents the exchange of military goods with a country, while an oil embargo prohibits only the trade of oil