What is the term for efforts to punish another nation by imposing trade barriers?

• A. Economic sanctions
• B. Free trade agreements
• C. Trade liberalization
• D. Export subsidies

Answer: (A)

Verified step by step guidance

1. Understand that the question is asking for a term that describes actions taken to penalize or punish another country through trade restrictions.
2. Recall that trade barriers include tariffs, quotas, embargoes, and other restrictions that limit trade between countries.
3. Recognize that when these trade barriers are used specifically to punish or pressure another nation, the term used is 'economic sanctions'.
4. Differentiate this from other terms: 'Free trade agreements' promote trade by reducing barriers, 'Trade liberalization' refers to the removal or reduction of trade restrictions, and 'Export subsidies' are financial supports to encourage exports, not punish.
5. Conclude that the correct term for punitive trade barriers is 'Economic sanctions'.