Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Outcome Objective Not an Objective Antidumping protection Combat international terrorism Protection against unfair trade Compensation for property expropriated by foreign governments Which of the following would impact the effectiveness of economic sanctions? Check all that apply. The economic growth rate in the imposing country Cultural factors in the target nation The extent of political opposition in the target nation

Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Outcome Objective Not an Objective Antidumping protection Combat international terrorism Protection against unfair trade Compensation for property expropriated by foreign governments Which of the following would impact the effectiveness of economic sanctions? Check all that apply. The economic growth rate in the imposing country Cultural factors in the target nation The extent of political opposition in the target nation

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 35P: If trade increases world GDP by 1 per year, what is the global impact of this increase over 10...

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Similar questions

Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint to the Czech Republic. The Czech Republic sells alarm clocks to Germany. Would you expect this pattern of trade to increase or decrease jobs and wages in the paint industry in Germany? The alarm clock industry in Germany? The paint industry in Czech Republic? The alarm clock industry in Czech Republic? What has to happen for there to be no increase in total unemployment in both countries?
You just overheard your friend say the following: Poor countries like Malawi have no absolute advantages. They have poor soil, low investments in formal education and hence low-skill workers, no capital, and no natural resources to speak of. Because they have no advantage, they cannot benefit from trade. How would you respond?
What factors does Paul Krugman identity that supported expanding international trade in the 1800s?
If trade barriers hurt the average worker in an economy (due to lower wages), why does government create trade barriers?
Economists sometimes say that protectionism is the second-best choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problemâ€”a choice that would still allow the benefits of trade to occur. Explain why protectionism is a second-best choice for helping workers as a group helping industries stay strong protecting the environment advancing national defense
If opening up to free trade would benefit a nation, then why do nations not just eliminate their trade barriers, and not bother with international trade negotiations?
Name and define three policy tools for enacting protectionism.
How does protectionism affect the price of the protected good in the domestic market?
If the removal of trade banters is so beneficial to international economic growth, why would a nation continue to restrict trade on some imported or exported products?
Are the gains from international trade more likely to be relatively more important to large or small countries?
How does international trade affect working conditions of low-income countries?
How do trade barriers affect the average Income level in an economy?