4. Economic sanctions Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Objective Not an Objective O Outcome Infant industry protection Protection of the domestic economy Protection of human rights Antidumping protection In 1985, Western countries imposed economic sanctions on South Africa with the goal of reforming the apartheid system. Prior to the sanctions, coal and agricultural goods were exported internationally by South Africa. The following graph shows South Africa's production possibilities frontier (PPF) before the sanctions were imposed. Drag the PPF curve on the following graph to show the effects of the imposed economic sanctions on South Africa's production possibilities frontier. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. ? COAL (Tons) 300 270 240 210 180 150 120 90 60 30 0 0 O 30 PPF 60 90 120 150 180 210 240 270 300 AGRICULTURAL PRODUCTS PPF Which of the following would impact the effectiveness of economic sanctions? Check all that apply. The extent of imperfect competition The extent of political opposition in the target nation Cultural factors in the target nation
4. Economic sanctions Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Objective Not an Objective O Outcome Infant industry protection Protection of the domestic economy Protection of human rights Antidumping protection In 1985, Western countries imposed economic sanctions on South Africa with the goal of reforming the apartheid system. Prior to the sanctions, coal and agricultural goods were exported internationally by South Africa. The following graph shows South Africa's production possibilities frontier (PPF) before the sanctions were imposed. Drag the PPF curve on the following graph to show the effects of the imposed economic sanctions on South Africa's production possibilities frontier. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. ? COAL (Tons) 300 270 240 210 180 150 120 90 60 30 0 0 O 30 PPF 60 90 120 150 180 210 240 270 300 AGRICULTURAL PRODUCTS PPF Which of the following would impact the effectiveness of economic sanctions? Check all that apply. The extent of imperfect competition The extent of political opposition in the target nation Cultural factors in the target nation
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:4. Economic sanctions
Indicate whether each outcome in the following table is or is not an objective of economic sanctions.
Not an Objective
Outcome
Infant industry protection
Protection of the domestic economy
Protection of human rights
Antidumping protection
In 1985, Western countries imposed economic sanctions on South Africa with the goal of reforming the apartheid system. Prior to the sanctions, coal
and agricultural goods were exported internationally by South Africa. The following graph shows South Africa's production possibilities frontier (PPF)
before the sanctions were imposed.
COAL (Tons)
Drag the PPF curve on the following graph to show the effects of the imposed economic sanctions on South Africa's production possibilities frontier.
300
Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will
snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.
(?)
270
240
210
180
150
120
90
60
Objective
30
0
0 30
O
PPF
O
O
O
60 90 120 150 180 210 240 270 300
AGRICULTURAL PRODUCTS
The extent of imperfect competition
The extent of political opposition in the target nation
Cultural factors in the target nation
Which of the following would impact the effectiveness of economic sanctions? Check all that apply.
PPF
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