QQuestionBusiness Law
QuestionBusiness Law
Efforts to punish another nation by imposing trade barriers is called?
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Answer
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Step 1: Identify the Economic Concept
The term for attempting to punish another nation by imposing trade barriers is called "Economic Sanctions" or more specifically "Trade Sanctions".
Step 2: Define Trade Sanctions
Trade sanctions are intentional restrictions on trade with a specific country, typically designed to: - Pressure the target nation politically - Discourage certain behaviors - Demonstrate economic disapproval - Potentially weaken the target country's economy
Final Answer
Economic Sanctions (or Trade Sanctions) are the deliberate economic measures taken to punish or pressure another nation by restricting trade and economic interactions.
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