Moderate

Economic sanctions?

Correct answer: D. involve restrictions in imports exports and or financial flows

  • A. are prohibited by the World Trade Organization
  • B. affect international trade but not international financial flows
  • C. involve restrictions on imports, but not exports
  • D. involve restrictions in imports exports and or financial flows

Explanation

Economic sanctions are broad restrictions used to influence another country and may target imports, exports, investment, banking, or other financial flows. They are not generally prohibited by the WTO, although particular measures may violate trade rules.

Last updated

About Microeconomics

Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.

Practise Microeconomics

1,705 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Exams that ask Economics questions like this

Economics is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

Related questions