Indicate whether each outcome in the following table is or is not an objective of economic sanctions.OutcomeObjectiveNot an ObjectivePromote imperfect competitionProtection of human rightsPrevention of tariff warsCompensation for property expropriated by foreign governmentsIn 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.Drag the PPF curve on the following graph to show the effects of the Ilifted 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 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. 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 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.(?200180PPF16014012010080604020PPF20406080100120140160180200TEXTILESWhich of the following would impact the effectiveness of economic sanctions? Check all that apply.O The economic growth rate in the imposing countryO The extent of political opposition in the target nationO Cultural factors in the target nationSTEEL (Tons)

Economic Sanctions: Economic sanctions are trade and financial restrictions imposed upon a targeted…

Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Outcome Objective Not an Objective Promote imperfect competition Protection of human rights Prevention of tariff wars Compensation for property expropriated by foreign governments

Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Outcome Objective Not an Objective Promote imperfect competition Protection of human rights Prevention of tariff wars Compensation for property expropriated by foreign governments

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter35: International Trade Restrictions

Section: Chapter Questions

Problem 3E

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Please no written by hand and no emage Countries use a variety of ways to protect their trade. One way is to enact tariffs, which tax imports. This immediately raises the price of imported goods, making them less competitive when compared to locally produced goods. This works especially well for a country like the U.S., which imports a lot of consumer products and oil. The most famous example is the Smoot-Hawley Tariff of 1930. It was originally designed to protect farmers from agricultural imports from Europe, which was stepping up farming after the destruction of World War I. Go online and find out about the Smoot-Hawley Act. What role did the Smoot-Hawley Act play in the Great Depression? Into which ideological perspective would you classify the Smoot-Hawley Act? Explain your reasoning.
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