How might a country respond to a trade embargo

Asked by maham237 @ in Business viewed by 270 People

How might a country respond to a trade embargo?
A. It could attempt to develop its infrastructure.

B. It could seek to globalize its economy.

C. It could lower wages for industrial workers.

D. It could pursue a policy of national self-sufficiency.

Answered by maham237 @


Answer:

D. It could pursue a policy of national self-sufficiency

Explanation:

Trade embargo is when restriction is placed on all trading activities of a country by another country. It means import from or export to that country has been placed on hold by the trading partner.

There are several reasons why embargo could be placed by a country on another country, one of which is political differences. It could also be as a result of environmental or economic reasons.

When two trading countries fails to agree on matters relating to international politics, the country that has upper hand could place trade embargo on the other country.

It therefore means that a country might respond to trade embargo by pursuing a policy on national self-sufficiency; meaning that a country can start producing goods or services in large quantities which would have ordinarily been imported from the trading partners.


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