Global Economic Policy

Question 1

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

Trade restrictions used to punish a country for violating international law are known as .: economic sanctions; Government plans for interacting with other countries are called .: foreign policy; The interaction of the economies of all the world's nations is the .: global economy

Question 2

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

✔ trade; The goal of economic foreign policy is to manage and commerce between nations.: trade; If a nation adopts a protectionist approach to foreign economic policy, this means it is safeguarding its industries.: domestic; If a nation pursues free trade, this means it is placing a priority on .: providing choices

Question 3

✔ domesticX international

Revolt · Accepted Answer

✔ domestic

Question 4

✔ providing choices protecting domestic industry

Revolt · Accepted Answer

✔ providing choices

Question 5

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

✔ NAFTA; The free trade agreement between the United States, Canada, and Mexico is called .: NAFTA; The trade organization in Europe that uses the euro as its main currency is the .: EU; The organization that is made up of most countries in the world and helps keep trade running smoothly is the .: WTO

Question 6

WTO✔ EUNAFTA

Revolt · Accepted Answer

✔ EU

Question 7

✔ WTOEUNAFTA

Revolt · Accepted Answer

✔ WTO

Question 8

What are some of the benefits of world trade agreements? Check all that apply.They encourage rapid economic growth in developing nations. They allow prosperous nations to control developing nations’ economies.They can lead to rising standards of living.They lead to immediate benefits for the workers of the nations involved.They can support the increased need for education and public services.

Revolt · Accepted Answer

They encourage rapid economic growth in developing nations.; They can lead to rising standards of living.; They can support the increased need for education and public services.

Question 9

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

✔ economic sanctions; Trade restrictions used to punish a country for violating international law are known as .: economic sanctions; Government plans for interacting with other countries are called .: foreign policy; The interaction of the economies of all the world's nations is the .: global economy

Question 10

X global economy economic rights✔ foreign policy

Revolt · Accepted Answer

✔ foreign policy

Global Economic Policy Answers

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