What is the economic statecraft beneficial for?

A state’s preference for using economic incentives versus sanctions are a function of its policy objectives and the tradeoff between concerns regarding the effectiveness of incentives and the political externalities of their use.

What is the economic statecraft beneficial for?
A . To achieve global peace
B. To achieve a noble prize
C. To buy most land
D. Used for money laundering
E. To achieve a variety of substantive and symbolic objects

View Answer

Answer: E

Explanation:

A state’s preference for using economic incentives versus sanctions are a function of its policy objectives and the tradeoff between concerns regarding the effectiveness of incentives and the political externalities of their use. Economic statecraft can be used by a sender to achieve a variety of substantive and symbolic objects.