23
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 23 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

Embargoes, quotas, and standards are tools that countries use

Answer
A
to reduce exports.
B
to punish other countries.
C
to restrict imports.
D
to raise prices of domestic goods.

Explanation

Embargoes, quotas, and standards can limit or prevent goods from entering a country. A quota sets a limit on imports, an embargo bans trade in certain goods, and standards can make imported products harder to sell unless they meet specific requirements. Therefore, these tools are used to restrict imports.

AI-written and checked against the verified answer.

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