When the United Nations Votes on Economic Sanctions for a Country

question 28

Multiple Choice

When the United Nations votes on economic sanctions for a country:

• A) only nations who are members of the UN can embrace it.
• B) any permanent member of the Security Council can veto the sanctions.
• C) all nations must comply.
• D) a new set of rules must be written for the specific infractions.

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Definitions:

Wages

Wages are the compensation paid to employees for their labor, often calculated on an hourly, daily, or piecewise basis.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price level.

Increase in Price

A situation where the cost of goods or services rises, potentially due to factors like higher demand, production costs, or inflation.