Question

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

Answer 1

@amistre64

Answer 2

define 'embargo'

Answer 3

I'm thinking it's going to be the second option, but I'm really not sure

Answer 4

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.

Answer 5

ooohhh, the second option wouldn't make any sense...

Answer 6

So it would be "Cotton infested with boll weevils"?

Answer 7

we regulate for boll weevils dont we?

Answer 8

boll weevils are not particular to a specific country ...

Answer 9

I would imagine that if the cotton were infested, we wouldn't want cotton from that country...

Answer 10

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.

Answer 11

oh, that makes sense...

Answer 12

so, which one would you propose as a solution?

Answer 13

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 ...