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PLSC 14 Exam 3 Piazza Penn State questions n answers
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PLSC 14 Exam 3 Piazza Penn State questions n answers
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PLSC 14 Exam 3 Piazza Penn Statequestions n answers
tools states use to project economic power - correct answer ✔✔aids and sanctions
bilateral aid - correct answer ✔✔Where aid is given by one country directly to another.
multilateral aid - correct answer ✔✔numerous different governments and organizations such as the
world bank or the UN
Types of aid - correct answer ✔✔development, military, democracy, humanitarian
the Marshall plan - correct answer ✔✔Massive transfer of aid money to help rebuild postwar Western
Europe, intended to bolster capitalist and democratic governments and prevent domestic communist
groups from riding poverty and misery to power. The plan was first announced by Secretary of State
George Marshall at Harvard's commencement in June 1947.
criticisms of aid - correct answer ✔✔1. effectiveness?
2. Jesse Helms criticized aid to African countries saying it was wasteful
3. prompts moral hazard and dependency
4. does not always get to intended target
5. can foster corruption
6. should come with conditions
7. a form of Neo imperialism
smart/targeted sanctions - correct answer ✔✔aim to directly impact a certain group or organization
total/comprehensive sanctions - correct answer ✔✔more broad, like blocking an entire country
, Sanctions against Iran - correct answer ✔✔1. bilateral sanctions by US after 1979 hostage crisis
2. trade embargo
3. freezing of 12 billion in Iranian assets
4. UN security council sanctions to prompt Iran to comply with nuclear inspections
criticisms of sanctions - correct answer ✔✔1. effectiveness
2. too slow
3. punish the wrong people
4. can be manipulated and foster corruption
protectionism - correct answer ✔✔goods and services are restricted in moving across borders to protect
domestic producers
goal of protectionism - correct answer ✔✔increase domestic production by limiting the ability to buy
products abroad. achieved by making it more expensive or limiting access
tariffs - correct answer ✔✔taxes on goods produced overseas, paid for by the companies that import or
consumers
quotas - correct answer ✔✔limits to the number of products produced overseas
bogus standards - correct answer ✔✔rules and standards whose real purpose is to exclude a good or
service produced overseas
subsidies - correct answer ✔✔gov assistance to domestic producers that makes their products cheaper
and more competitive
currency manipulation - correct answer ✔✔changing the exchange rate of a national currency (by
lowering it) to obtain trade advantages
National Economy Era 1600s-1700s - correct answer ✔✔Large pre and early modern empires
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