Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Objective Not an Objective O O O O Outcome Infant industry protection Reduction of nuclear proliferation Prevention of tariff wars Preservation of national security In 1990, Western countries imposed economic sanctions on Iraq with the goal of terminating Iraq's military takeover of Kuwait. Prior to the sanctions, oil and equipment were exported internationally by Iraq. The following graph shows Iraq's production possibilities frontier (PPF) before the sanctions were imposed. IL (Barrels) Drag the PPF curve on the following graph to show the effects of the imposed economic sanctions on Iraq'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. ? 100 90 80 70 60 50 40 30 20 10 0 0 10 20 PPF 30 40 50 60 EQUIPMENT O O O O 70 80 90 100 PPF Which of the following would impact the effectiveness of economic sanctions? Check all that apply. The economic growth rate in the imposing country The extent of political opposition in the target nation Cultural factors in the target nation
Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Objective Not an Objective O O O O Outcome Infant industry protection Reduction of nuclear proliferation Prevention of tariff wars Preservation of national security In 1990, Western countries imposed economic sanctions on Iraq with the goal of terminating Iraq's military takeover of Kuwait. Prior to the sanctions, oil and equipment were exported internationally by Iraq. The following graph shows Iraq's production possibilities frontier (PPF) before the sanctions were imposed. IL (Barrels) Drag the PPF curve on the following graph to show the effects of the imposed economic sanctions on Iraq'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. ? 100 90 80 70 60 50 40 30 20 10 0 0 10 20 PPF 30 40 50 60 EQUIPMENT O O O O 70 80 90 100 PPF Which of the following would impact the effectiveness of economic sanctions? Check all that apply. The economic growth rate in the imposing country The extent of political opposition in the target nation Cultural factors in the target nation
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Indicate whether each outcome in the following table is or is not an objective of economic sanctions.
Objective Not an Objective
Outcome
Infant industry protection
Reduction of nuclear proliferation
Prevention of tariff wars
Preservation of national security
In 1990, Western countries imposed economic sanctions on Iraq with the goal of terminating Iraq's military takeover of Kuwait. Prior to the sanctions,
oil and equipment were exported internationally by Iraq. The following graph shows Iraq's production possibilities frontier (PPF) before the sanctions
were imposed.
OIL (Barrels)
Drag the PPF curve on the following graph to show the effects of the imposed economic sanctions on Iraq's production possibilities frontier.
100
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.
(?)
90
80
70
60
50
40
30
20
10
0
0
10
20 30
40
PPF
50
EQUIPMENT
C
60
C
O
O
70
80 90 100
S
The economic growth rate in the imposing country
The extent of political opposition in the target nation
Cultural factors in the target nation
PPF
Which of the following would impact the effectiveness of economic sanctions? Check all that apply.
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