What is one major goal of U.S. economic foreign policy?A.Increasing wealth gapsB.Regulating the International Monetary FundC.Avoiding trade blocsD.Creating trade agreementsSUBMITarrow_backPREVIOUS
Question
What is one major goal of U.S. economic foreign policy?A.Increasing wealth gapsB.Regulating the International Monetary FundC.Avoiding trade blocsD.Creating trade agreementsSUBMITarrow_backPREVIOUS
Solution
To answer the question step by step, let's analyze each option provided:
A. Increasing wealth gaps: This is unlikely to be a major goal of U.S. economic foreign policy, as increasing wealth gaps would generally be seen as a negative outcome rather than a goal.
B. Regulating the International Monetary Fund: While the U.S. does play a significant role in the International Monetary Fund (IMF), regulating it is not typically described as a major goal of U.S. economic foreign policy. The IMF is an international organization with its own governance structure.
C. Avoiding trade blocs: Trade blocs are agreements between countries to reduce barriers to trade among the member countries. Avoiding trade blocs would not align with the general trend of promoting free trade and economic cooperation.
D. Creating trade agreements: This is a major goal of U.S. economic foreign policy. Trade agreements are designed to reduce barriers to trade, increase market access, and promote economic growth. The U.S. has historically pursued numerous trade agreements to achieve these objectives.
Based on this analysis, the correct answer is:
D. Creating trade agreements
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