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

The WTO was created

Revolt · Accepted Answer

to help international trade run smoothly.

Question 3

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

Revolt · Accepted Answer

approving aid to another country

Question 4

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 5

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

Revolt · Accepted Answer

free trade.

Question 6

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

Revolt · Accepted Answer

the president

Question 7

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

Revolt · Accepted Answer

by imposing tariffs on the cars at the border

Question 8

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 9

Economic sanctions against foreign governments sometimes

Revolt · Accepted Answer

hurt foreign citizens.

Question 10

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

Revolt · Accepted Answer

more economic rights for citizens.

Global Economic Policy Answers