Podcast
Questions and Answers
What is the primary aim of foreign economic policy?
What is the primary aim of foreign economic policy?
- To promote domestic consumption
- To regulate environmental standards
- To enhance international trade and investment (correct)
- To increase government spending
What is NOT a typical goal of foreign economic policy?
What is NOT a typical goal of foreign economic policy?
- Enhancing national security
- Achieving a favorable balance of trade
- Maximizing inflation rates (correct)
- Fostering diplomatic relations
Which type of foreign economic policy focuses on increasing exports and reducing imports?
Which type of foreign economic policy focuses on increasing exports and reducing imports?
- Protectionism (correct)
- Export promotion
- Free trade
- Import substitution
What is the main objective of import substitution policies?
What is the main objective of import substitution policies?
Which type of foreign economic policy emphasizes reducing barriers to trade and investment?
Which type of foreign economic policy emphasizes reducing barriers to trade and investment?
What is the primary concern of mercantilist foreign economic policies?
What is the primary concern of mercantilist foreign economic policies?
Which goal is NOT a primary objective of export promotion policies?
Which goal is NOT a primary objective of export promotion policies?
What type of foreign economic policy involves protecting domestic industries from foreign competition through tariffs and quotas?
What type of foreign economic policy involves protecting domestic industries from foreign competition through tariffs and quotas?
What is the primary objective of foreign aid as a tool of foreign economic policy?
What is the primary objective of foreign aid as a tool of foreign economic policy?
What type of foreign economic policy focuses on fostering economic cooperation and integration among nations?
What type of foreign economic policy focuses on fostering economic cooperation and integration among nations?
What is the primary goal of economic sanctions as a tool of foreign economic policy?
What is the primary goal of economic sanctions as a tool of foreign economic policy?
What is the primary objective of trade agreements such as NAFTA and the European Union?
What is the primary objective of trade agreements such as NAFTA and the European Union?
