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WAEC Commerce 2023 Question 18

Question 18

Foreign Trade

One of the barriers to foreign trade is

  1. A.trade liberalization.
  2. B.removal of tariff.
  3. C.memorandum of understanding.
  4. D.imposition of embargo.
Show the answer and explanation

Answer: D (imposition of embargo.)

Explanation

An embargo bans trade in certain goods or with certain countries, so it blocks foreign trade.