Which are common types of economic sanctions? (Choose three.)
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A. B. C. D. E. F.ACF
https://www.cfr.org/backgrounder/what-are-economic-sanctionsSure, I'd be happy to help you understand the answer to this question in detail.
Economic sanctions are measures taken by a government or international body to restrict trade or financial transactions with a particular country, entity, or individual, with the goal of achieving a specific political or economic objective. Sanctions can take various forms, including targeted, comprehensive, sectoral, and technological sanctions. Supervisory sanctions are not a common type of economic sanction but refer to penalties imposed by regulatory agencies against financial institutions for compliance violations.
The correct answer to this question is A. Targeted sanctions, D. Sectoral sanctions, and F. Comprehensive sanctions. Let's discuss each of these in more detail below:
A. Targeted sanctions: These sanctions are imposed on specific individuals, organizations, or countries that are deemed to be involved in activities that are contrary to the objectives of the sanctioning country or international body. These types of sanctions typically include asset freezes and travel bans, and are often used to target those involved in terrorism, human rights abuses, or weapons proliferation.
D. Sectoral sanctions: These sanctions target specific industries or sectors within a country. For example, a country might impose sanctions on the oil and gas sector of another country to limit its ability to generate revenue from these exports. Sectoral sanctions can also be imposed on specific types of goods or services, such as weapons or luxury goods.
F. Comprehensive sanctions: Comprehensive sanctions are the most severe form of economic sanction and involve a complete ban on all trade and financial transactions with a country. These sanctions are often used as a last resort when all other measures have failed, and are designed to put maximum pressure on a government to change its behavior. Comprehensive sanctions can have significant humanitarian consequences, as they can limit a country's ability to import essential goods like food and medicine.
B. Technological sanctions: This option is not a common type of economic sanction but refers to restrictions on the export of certain technology or equipment to a particular country or entity. These restrictions are often used to prevent the proliferation of weapons or other sensitive technologies.
C. SWIFT network sanctions: This option is not a common type of economic sanction but refers to the exclusion of a particular country or entity from the SWIFT network, which is used to facilitate international financial transactions. This can be a powerful tool in enforcing sanctions, as it can make it difficult or impossible for a targeted entity to conduct international financial transactions.
E. Supervisory sanctions: This option is not a common type of economic sanction but refers to penalties imposed by regulatory agencies against financial institutions for compliance violations. These penalties can include fines, restrictions on business activities, or even revocation of a financial institution's license to operate.
I hope this helps you understand the different types of economic sanctions and why the correct answer to this question is A. Targeted sanctions, D. Sectoral sanctions, and F. Comprehensive sanctions.