Global Economic Policy Answers

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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
2
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A negative result of high tariffs is that they can sometimes lead to

A
economic sanctions.
B
reduced international trade.
C
ongoing civil war.
D
increased competition.
3

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.
4

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.
5

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.
6

A potential negative result of trade agreements is

A
protectionism.
B
sanctions.
C
job loss.
D
higher tariffs.
7

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

A
the president
B
the senate
C
the house of representatives
D
the ambassadors
8

A way that the United States began its policy of providing aid to Sudan was by

A
supporting its industries.
B
easing sanctions.
C
eliminating tariffs.
D
signing a trade agreement.
9

One way the president can influence economic foreign policy is by

A
controlling funding of economic programs.
B
passing legislation that supports his goals.
C
appointing ambassadors supportive of his goals.
D
rejecting treaties that the senate has negotiated.
10

Economic sanctions against foreign governments sometimes

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

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