5. Economic sanctions
Indicate whether each outcome in the following table is or is not an objective of economic sanctions.
|
Outcome |
Objective |
Not an Objective |
|
|---|---|---|---|
| Protection of the domestic economy | |||
| Protection against unfair trade | |||
| Prevention of tariff wars | |||
| Protection of human rights |
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.
Which of the following would impact the effectiveness of economic sanctions? Check all that apply.
The number of nations imposing sanctions
The relationships between the target nation and the imposing nations
The level of national security
Outcome 1 - yes ( it is the objective of the economic sanctions)
Outcome 2 - yes ( Sanctions help economy get protection against the unfair trade)
Outcome 3 - No (sanctions can escalate tariff wars)
Outcome 4 - Yes ( it is the objective of sanctions such as USA doing against Iran or Cuba in the past)
Correct Answer:
A
B
The more number of nations, imposing sanctions will make it more effective as target country will be unable to do trade with others ans nullify the sanctions. The relationship will tell that whether the economic sanctions are harsh, stringent or soft. It will affect the implementation and effectiveness of the sanctions.
5. Economic sanctions Indicate whether each outcome in the following table is or is not an...
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