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Virty [35]
3 years ago
13

If the united states placed an embargo on swedish products, what would happen in the u.s. market for swedish furniture

Business
1 answer:
olga nikolaevna [1]3 years ago
8 0
An embargo<span> (from the </span>Spanish embargo, meaning hindrance, obstruction, etc. in a general sense, a trading ban in trade terminology and literally "distraint" in juridic parlance) is the partial or complete prohibition of commerce and trade with a particular country or a group of countries.<span> Embargoes are considered strong diplomatic measures imposed in an effort, by the imposing country, to elicit a given national-interest result from the country on which it is imposed. Embargoes are similar to </span>economic sanctions<span> and are generally considered legal barriers to trade, not to be confused with </span>blockades<span>, which are often considered to be acts of </span>war<span>.

</span><span>in the u.s. market for swedish furniture, </span>The supply curve would shift to the left.
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