1. Following Putin's initiation of a war with Ukraine, countries around the world responded with bans on Russian oil and other imports. These politically motivated trade sanctions can best be described by which concept? A. Trade embargos B. Export control C. Tariff barriers D. Deadweight cost 2. Which political argument against free trade most closely aligns with the current situation between Russia and the nations who have banded together as a coalition to make Russia the most sanctioned country in the world? A.Foreign policy B. Consumer protection C. Environmental and social responsibility D. National security 3. There are economic gains when firms from different countries can freely trade and engage in foreign direct investment (FDI). Thirty years of global economic integration with Russia has now come to an end for the time being. While emphasizing economic benefits, global economic integration is political in nature with which of the following as Its most fundamental goal? A. To promote peace B. To promote nationalism C. To promote protectionism D. To promote economic unions
1. Following Putin's initiation of a war with Ukraine, countries around the world responded with bans on Russian oil and other imports. These politically motivated trade sanctions can best be described by which concept?
A. Trade embargos
B. Export control
C. Tariff barriers
D. Deadweight cost
2. Which political argument against free trade most closely aligns with the current situation between Russia and the nations who have banded together as a coalition to make Russia the most sanctioned country in the world?
A.Foreign policy
B. Consumer protection
C. Environmental and social responsibility
D. National security
3. There are economic gains when firms from different countries can freely trade and engage in foreign direct investment (FDI). Thirty years of global economic integration with Russia has now come to an end for the time being. While emphasizing economic benefits, global economic integration is political in nature with which of the following as Its most fundamental goal?
A. To promote peace
B. To promote nationalism
C. To promote protectionism
D. To promote economic unions
4. Foreign direct investment (FDI) comes with certain risks. In the case of Russia, Putin's decision to invade Ukraine has resulted in the seizure of assets in the United States that are owned by sanctioned Russian oligarchs. The US has also prohibited transactions with Russia's central banks. The actions of the US in this example reflect which political view of FDI?
A. Radical view
B. Market failure view
C. Free market view
D. Pragmatic nationalism
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