Question

One country refuses to sell goods to its neighboring country based on the belief that the neighboring country harbors radicals and terrorists. In this case, the refusal is most accurately referred to as a(n):
A. antidumping penalty.
B. embargo.
C. monetary barrier.
D. orderly market agreement.
E. voluntary export restraint.

Answer 1

Answer:

B, embargo

Explanation:

An embargo can be defined as an official ban on trading or commercial activites on a country by another country or group of countries.

This is mostly as a form of economic punishment for the erring country as a result of it flouting a certain agreement or over security concerns.

A clear and recent example is the laying of embargo by POTUS Donald J. Trump on Iran for its recent behavior.

Cheers.