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A: Above question is answered below:
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Explain the term embargo.
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Solved in 2 steps
- Outline and explain the reasons for International Trade. Critically discuss the economic rationales for Governments to intervene in the international trade which would affect their country. Explain the concept of a trade embargo and its effect on the country where the embargo has been placed. Please provide examples to justify your points for each section.Describe the concept of Export Management Company (EMC) in your country.Explain the reasons that are generally given for imposing trade restrictions ?