What do quotas and embargoes have in common?

They both tend to raise prices.
They both affect imports from certain countries.
They both set limits on imported goods.
They both frequently result in domestic shortages.

An embargo is an order placed by a government restricting or prohibiting trade with another country. An embargo may be issued on specific goods only or wholesome trade with the country or region.

A quota is also an order issued by a government that limits the volume of goods or services that can be imported. The quota may limit the volume in quantity or in monetary value. Importing beyond the limit becomes illegal.

Both embargo and quota place restrictions on imports to a country.

catfan283 catfan283 · Answer 2 · 2020-12-09T20:08:38+01:00

catfan283 catfan283

09-12-2020

Answer:

They both set limits on imported goods.

Explanation:

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What do quotas and embargoes have in common? They both tend to raise prices. They both affect imports from certain countries. They both set limits on imported goods. They both frequently result in domestic shortages.

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What do quotas and embargoes have in common?

They both tend to raise prices.
They both affect imports from certain countries.
They both set limits on imported goods.
They both frequently result in domestic shortages.