Global Economic Policy Answers

10 verified answers1 views
1
Free Preview

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

t
the president
t
the senate
t
the house of representatives
t
the ambassadors
2
Free Preview

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.
3

Economic sanctions against foreign governments sometimes

A
hurt foreign citizens.
B
lead to civil wars.
C
hurt the UN.
D
violate international law.
4

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.
5

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
7

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.
8

A tariff is another name for

a
an economic sanction.
a
a tax on imports.
a
a policy goal.
a
a trade agreement.
9

One example of US foreign aid is

A
economic sanctions.
B
military training.
C
low tariffs.
D
free trade.
10

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.

Did you find these answers helpful?