Global Economic Policy

Question 1

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 2

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

Revolt · Accepted Answer

the president

Question 3

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 4

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

Revolt · Accepted Answer

more economic rights for citizens.

Question 5

A potential negative result of trade agreements is

Revolt · Accepted Answer

job loss.

Question 6

A tariff is another name for

Revolt · Accepted Answer

a tax on imports.

Question 7

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

Revolt · Accepted Answer

reduced international trade.

Question 8

One way the president can influence economic foreign policy is by

Revolt · Accepted Answer

appointing ambassadors supportive of his goals.

Question 9

The WTO was created

Revolt · Accepted Answer

to help international trade run smoothly.

Question 10

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

Revolt · Accepted Answer

approving aid to another country

Global Economic Policy Answers