Asked by Ntswaki Mereki on Jun 15, 2024
Verified
Which of these is true of the mercantilism policy?
A) It accepts gold as a medium of exchange.
B) It encourages free movement of labor and capital resources between nations.
C) It emphasizes government control over the production of important goods and services.
D) It emphasizes the importance of trade restrictions in achieving economic growth.
E) It believes that a nation's economic vitality depends on its unemployment level.
Mercantilism Policy
An economic theory or practice characterized by government regulation of the economy for maximizing state power at the expense of rival national powers, focusing on trade balances and the accumulation of wealth.
Trade Restrictions
Measures imposed by governments to regulate or limit the trade of goods and services across borders.
Economic Vitality
Economic Vitality describes the strength and robustness of an economy, often measured by the level of business activity, employment rates, and gross domestic product growth.
- Identify the concepts and implications of mercantilism in historical and modern contexts.
Verified Answer
Learning Objectives
- Identify the concepts and implications of mercantilism in historical and modern contexts.
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