sleepyjess
  • sleepyjess
http://prntscr.com/9dphdd Which of the following best completes the table? Cotton with a lower price than domestic cotton Cotton that is domestically taxed Cotton infested with boll weevils Cotton grown in a hostile country
Economics - Financial Markets
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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sleepyjess
  • sleepyjess
@amistre64
amistre64
  • amistre64
define 'embargo'
sleepyjess
  • sleepyjess
I'm thinking it's going to be the second option, but I'm really not sure

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sleepyjess
  • sleepyjess
An embargo is the complete refusal to import a good or even all goods from a particular country. It can create a black market for those goods and hurts the political relationship with the country that has been banned. It could also potentially hurt the economy of one or both countries.
sleepyjess
  • sleepyjess
ooohhh, the second option wouldn't make any sense...
sleepyjess
  • sleepyjess
So it would be "Cotton infested with boll weevils"?
amistre64
  • amistre64
we regulate for boll weevils dont we?
amistre64
  • amistre64
boll weevils are not particular to a specific country ...
sleepyjess
  • sleepyjess
I would imagine that if the cotton were infested, we wouldn't want cotton from that country...
amistre64
  • amistre64
but that is not the explicit reason for embargos. embargos, to me, are more political in their reasoning and have little to do with health and money.
sleepyjess
  • sleepyjess
oh, that makes sense...
amistre64
  • amistre64
so, which one would you propose as a solution?
amistre64
  • amistre64
http://www.investopedia.com/terms/e/embargo.asp an embargo: do what we want you to do or else we are not going to play with you ...

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