5. Economic sanctionsIndicate whether each outcome in the following table is or is not an objective of economic sanctions.OutcomeProtection of the domestic economyCombat international terrorismExport promotionProtection against unfair tradeSTEEL (Tons)10090In the 1990s, Western countries lifted economic sanctions on South Africa, such as disinvestment by international companies and bans on imports ofSouth African steel and textiles produced by South African government-owned firms. The following graph shows South Africa's production possibilitiesfrontier (PPF) before the sanctions were lifted.80Drag the PPF curve on the following graph to show the effects of the lifted economic sanctions on South Africa's production possibilities frontier.70Note: 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 willsnap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.60504030201000Objective+1020 30OPPFO40 50TEXTILES60ONot an ObjectiveO70 80 90 100The number of nations imposing sanctionsPPFWhich of the following would impact the effectiveness of economic sanctions? Check all that apply.?The relationships between the target nation and the imposing nationsThe level of national security

Economics is a study of how to allocate scarce resources to satisfy the unlimited wants of the…

Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Not an Objective Outcome Protection of the domestic economy Combat international terrorism Export promotion Protection against unfair trade Objective

Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Not an Objective Outcome Protection of the domestic economy Combat international terrorism Export promotion Protection against unfair trade Objective

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5. Economic sanctions
Indicate whether each outcome in the following table is or is not an objective of economic sanctions.
Outcome
Protection of the domestic economy
Combat international terrorism
Export promotion
Protection against unfair trade
STEEL (Tons)
100
90
In the 1990s, Western countries lifted economic sanctions on South Africa, such as disinvestment by international companies and bans on imports of
South African steel and textiles produced by South African government-owned firms. The following graph shows South Africa's production possibilities
frontier (PPF) before the sanctions were lifted.
80
Drag the PPF curve on the following graph to show the effects of the lifted economic sanctions on South Africa's production possibilities frontier.
70
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.
60
50
40
30
20
10
0
0
Objective
+
10
20 30
O
PPF
O
40 50
TEXTILES
60
O
Not an Objective
O
70 80 90 100
The number of nations imposing sanctions
PPF
Which of the following would impact the effectiveness of economic sanctions? Check all that apply.
?
The relationships between the target nation and the imposing nations
The level of national security

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