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Global Economic Policy — Quiz Answers

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1
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A result of US foreign aid in Sudan was

A
the creation of South Sudan.
B
higher prices for Sudanese goods in the United States.
C
better relations with its neighbors.
D
lower prices for US goods in Sudan.
2
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One example of US foreign aid is

A
military training.
B
free trade.
C
low tariffs.
D
economic sanctions.
3

Which best explains why international trade agreements are beneficial for developing economies?

A
They can help countries compete with the United States.
B
They can help those countries’ economies to grow quickly.
C
They can lead to offers of foreign aid.
D
They can lead to the lifting of sanctions.
4

Which most likely explains why the United States joined NAFTA in 1993?

A
NAFTA eliminated tariffs and gave the United States an economic advantage over its two closest neighbors.
B
NAFTA eliminated tariffs and united the United States economically with its two closest neighbors.
C
NAFTA eliminated tariffs and allowed the United States to keep pace economically with its two closest neighbors.
D
NAFTA eliminated tariffs and allowed the United States to control trade with its two closest neighbors.
5

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 entering into a free trade agreement such as NAFTA
C
by withholding aid from the country where the cars are made
D
by imposing tariffs on the cars at the border
6

Which is an example of an economic foreign policy tool?

A
economic rights
B
self-sufficiency
C
domestic industries
D
humanitarian aid
7

Which best describes the European Union?

A
an economic policy that places tariffs on goods entering Europe
B
a trade agreement responsible for one of the world’s largest economies
C
a trade agreement that unites all European countries with a single trading goal
D
an economic policy that lowers tariffs on goods sent from Europe to the United States
8

How would the United States most likely encourage another nation to eliminate restrictive human rights policies?

A
by imposing economic sanctions against the nation
B
by encouraging the nation to enter into a free trade agreement
C
by threatening military action against the nation
D
by imposing tariffs on the nation’s goods

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