Which Is True About Economic Sanctions

question 118

Multiple Choice

Which is true about economic sanctions?

• A)They are always effective.
• B)Their record is mixed.
• C)They never work.
• D)They affect only leaders.
• E)None of the above.

Identify the challenges of applying the scientific method to economics due to the unpredictable nature of human behavior.

Calculate and interpret the slope of budget lines in various economic scenarios.

Distinguish between the economizing problem and the concept of scarcity in economics.

Understand the concept of opportunity cost in decision-making under scarcity.

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Definitions:

Peripheral Route

A mode of persuasion in the Elaboration Likelihood Model where individuals are influenced by incidental cues, such as the attractiveness of the speaker, rather than the strength of the arguments.

Vested Interest

A personal stake or involvement in an undertaking or situation, especially one with an expectation of financial or other gain.

Direct Personal Experience

Firsthand encounters or involvement in situations, events, or activities, without intermediaries.

Attitudinal Object

Any subject or entity toward which an individual holds a specific attitude.