Economic Sanctions Are Most Effective in Causing the Target Nation

question 123

Multiple Choice

Economic sanctions are most effective in causing the target nation to modify its behavior when the:

• A) Target nation had negligible economic relationships with the imposing nation prior to the sanctions
• B) People of the target nation have weak cultural ties to the people of the imposing nation
• C) Sanctions are levied by a large number of nations
• D) Target government is supported by the majority of its people

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Definitions:

Monopolist

An entity that has exclusive control over the supply of a particular good or service, setting prices without facing competition.

Opportunity Cost

The cost of what you have to give up in order to choose something else.

Output

The sum of all goods or services created by an enterprise, industry, or the economy over a certain period.

Economic Profits

The profit or loss calculated by taking out both straightforward and assumed expenses from total income.