how do the united states and other countries implement economic foreign policy? check all that apply. imposing tariffs offering economic rights imposing economic sanctions passing legislation to approve treaties signing trade agreements offering military aid

All the options are correct.

Imposing tariffs: A tariff is a tax that is applied to all goods that are subject to importation. The most frequent is the tax levied on imports, while tariffs on exports are less common; There may also be transit tariffs that are collected on products that enter one country for another

offering economic rights: The International Covenant on Economic, Social and Cultural Rights (ICESCR: International Covenant on Economic, Social and Cultural Rights, for its acronym in English) is a general multilateral treaty that recognizes economic, social and cultural rights and establishes mechanisms for their protection and guarantee . It was adopted by the General Assembly of the United Nations through Resolution 2200A (XXI), of December 16, 1966, and entered into force on January 3, 1976. It commits the parties to work for the granting of economic rights, social and cultural rights, including labor rights and rights to health, education and an adequate standard of living.

Imposing economic sanctions: these are economic and financial penalties applied between one or a group of countries to another, a group of persons (for example a community) or even a single person. When asked, they ban the afflicted nation, group or person from trading until agreements are met. By this mean, isolation to trade is forced, and therefore a policy forced into the country reluctant to comply. Passing legislation to approve treaties: this is the most civilized form of foreign policy. The decisions are made through the participation of all the powers of a federal union (executive, legislative and judicial) an example of this type of policy is NAFTA treat between the US, Canada, and Mexico.

Signing trade agreements: again, as in the previous, a group of countries agrees to establish fair and proportional economic exchange policies among all the participants of the contract. example of this are the agreements of the European Union, where each participating country shares common goods (in this case the unification of its currency = euros) in order to standardize the value of the products produced by each nation and allow a relatively free exchange of their goods between them, without distinction of frontiers (which imply tariffs)

Offering military aid: This last type of policy is perhaps the least popular (or ethical), but for developing countries, it can represent an advantage when governments are not a stable or democratic government is not predominant or in emerging democracies like many African countries. Examples of this are the sub-Saharan countries (Ethiopia, Kenya, Tanzania) to name a few.

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All the options are correct.

Further Explanation:

United States can impose tariffs, economic rights impose economic sanctions, pass legislation to approve the treaties, signing of trade agreements and offering of military aid. Foreign economic policy is the management of the economic flows across the border. The USA is the world’s strongest and largest economy. It is also the arbiter of international economic order. It influences the global economy. There is a trade-off between the varied interest of the parties like foreign and domestic, political and material, sectional and sectoral. In the late 20th century, the effects of international commerce work upon the efficacy of the free markets. We can compare the economy and foreign relations between China and the U.S.A on environmental issues U.S.A. needs low-cost energy which is very innovative and comprehensive. The resources should be energy efficient. U.S.A. faces competition from different countries and they need to address the crucial issues from countries like China. Demands require stimulation and management. There is a need for reducing the end-use energy consumption by 2020. Renewable Energy is efficient like Solar Energy and Wind Energy. The purpose is to develop low carbon sources. The largest emitters of greenhouse gases are many countries like China and U.S.A. The agreement is signed between these countries on environmental issues. China said that all the developed nations must move towards a reduction in greenhouse gas emissions. They need to create a framework. So both countries should take steps to transform their energy economies. They can expand research projects and join hands to work together in an efficient manner.

Learn More:

1.In a parliamentary system of representative democracy, the prime minister is appointed by the monarch. is elected by representatives chosen by the people. Is the leader of the party that won the most seats in parliament? Is elected directly by the people.

2.Which would most likely fall under the original jurisdiction of the Supreme Court?

Answer Details:

Grade: High School

Chapter: Economic Foreign Policy of the U.S.A.

Subject: Social Science

Keywords:

Management, economic flows, largest economy, international economic order, global economy, efficacy, free market.

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