Global Economic Policy

Question 1

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

Revolt · Accepted Answer

reduced international trade.

Question 2

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

Revolt · Accepted Answer

Military action against competitors

Question 3

The WTO was created

Revolt · Accepted Answer

to help international trade run smoothly.

Question 4

One way the president can influence economic foreign policy is by

Revolt · Accepted Answer

appointing ambassadors supportive of his goals.

Question 5

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

Revolt · Accepted Answer

NAFTA eliminated tariffs and united the United States economically with its two closest neighbors.

Question 6

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

Revolt · Accepted Answer

the senate

Question 7

A potential negative result of trade agreements is

Revolt · Accepted Answer

job loss.

Question 8

One goal of US economic sanctions against North Korea would be

Revolt · Accepted Answer

better relations with neighboring countries.

Question 9

One example of US foreign aid is

Revolt · Accepted Answer

military training.

Question 10

Compared with protectionism, an opposing goal of economic foreign policy is

Revolt · Accepted Answer

free trade.

Global Economic Policy Answers