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
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.
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