1)Does the US over-rely on economic sanctions to solve diplomatic issues?

2)How can a voter evaluate the success of the economic policies of their government?

3)If trickle down economics does not work, what are some economic policies that do?

1)Yes, the US over rely on economic sanctions to solve diplomatic issues such that it has run for Iran, North Korea etc. The economic sanctions are ineffective without international support. It means they are there to get vote from some group of person in politics without the international support.

2)A voter can use the following indicators to evaluate the success of economic policies in the country:

• Inflation. Effective economic policies aid in maintaining healthy levels of inflation ranging from 1.5 ? 2%. On the other hand, if the economic policies are unsuccessful, a country experiences high levels of inflation which adversely affect its economy.
• Levels of unemployment. The prime role of economic policies is to boost economic growth. The growth is accompanied with creation of jobs hence solving the macroeconomic problem of unemployment. Therefore, low level of unemployment shows that economic policies are successful as opposed to high levels of inflation which shows that the economic policies are unsuccessful.
• Gross domestic product (GDP). Increased GDP shows that economic policies are effective. Economic policies; fiscal and monetary policies play a crucial role in improving the economic output of a country. As thus, low GDP levels show that those economic policies are unsuccessful.

3)

Examples of economic policies that work include:

• Fiscal policies. It entails regulating taxation and government expenditure to control the amount of money in circulation. Fiscal policies use contractionary and expansionary tools to contract and expand the supply of money, respectively.
• Monetary policies. They are adopted by monetary authorities such as the Federal Reserve to control the supply of money. Monetary policies use various tools such as open market operations and reserve requirements. The policies tools help to increase and reduce the supply of money depending on the economic conditions.
• Supply-side policies. The primary aim of the policies to boost aggregate supply. It can also be referred to as shifting the aggregate supply from left to right. The goals are achieved by enhancing productive efficiency through improving the factors of production in an economy to make markets operate effectively, thus leading to the growth of a country?s gross domestic product.