Global Economic Policy Answers

0 verified answers
1
Free Preview

In which of the following elements of economic foreign policy can congress participate?

A
negotiating a trade agreement
B
appointing new ambassadors
C
overseeing embassy operations
D
approving aid to another country
2
Free Preview

A positive result of trade agreements such as NAFTA and the EU is

A
fewer sanctions against developing economies.
B
more economic rights for citizens.
C
more support for domestic companies.
D
fewer competitors in the global economy.
3

A result of US foreign aid in Sudan was

A
better relations with its neighbors.
B
the creation of South Sudan.
C
lower prices for US goods in Sudan.
D
higher prices for Sudanese goods in the United States.
4

A potential negative result of trade agreements is

A
protectionism.
B
sanctions.
C
job loss.
D
higher tariffs.
5

Economic sanctions are mainly used to

A
protect domestic industries from international competitors.
B
help domestic industries gain more business.
C
punish nations for disobeying international law.
D
encourage nations to give up their nuclear weapons.
6

A negative result of high tariffs is that they can sometimes lead to

A
economic sanctions.
B
reduced international trade.
C
ongoing civil war.
D
increased competition.
7

The WTO was created

A
to end tariffs on goods traded with Canada.
B
to end tariffs on goods traded with Mexico.
C
to unify the currencies of European countries.
D
to help international trade run smoothly.
8

When engaging in foreign economic policy, which part of the government approves treaties?

A
the president
B
the senate
C
the house of representatives
D
the ambassadors
9

Which of these is not a tool the United States uses as part of its economic foreign policy?

A
Military action against competitors
B
Negotiating or joining trade agreements
C
Providing foreign aid to struggling countries
D
Using sanctions to restrict trade
10

How would a nation most likely try to limit inexpensive cars from being imported?

A
by imposing sanctions against the country where the cars are made
B
by imposing tariffs on the cars at the border
C
by entering into a free trade agreement such as NAFTA
D
by withholding aid from the country where the cars are made

Did you find these answers helpful?