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Which of the following characteristic is least compatible with mercantilism economic policies?
A. Imperialism
B. Building national wealth
C. Free Competition
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- 1. ___ is characterized as more collective than individually oriented despite the income and wealth divide. a) capitalism b) socialism c) seculatarianism d) democratic 2. Business ethics necessitate suppliers to understand that customers expect them to offer products which are ____ a) intended to boost sales b) going to be profitable c) able to earn a reasonable return on investment d) safe, reliable and reasonably priced 3. In all countries of the world, bribes are ____ a) unethical b) ethical only under certain circumstance c) economic returns d) uncommon in many foreign countriesExplain: a) Mercantilism b) Heckscher-Ohlin c) National Competitive advantageYou own a company in a country in which the state has total control over your company’s resources. The country follows the principles and practices of the _________. A) capitalism B) synthetic economy C) mixed economy D) command economy E) market economy
- Allowing free trade can lead to greater output because of:A. diseconomies of scale.B. the rule of lawC. the principle of comparative advantageD. the Rule of 70E. the principle of absolute advantage.How did the Southeast Asia colonies facilitate the development of Dutch capitalism?Which was not one of the reasons of adopting nationalism for Mercantilist? Select one: a. To colonize more colonies. b. To dominate trade routes. c. To promote equal rights between commoners and land owners. d. To encourage trade surplus.
- Which of the following arguments would a Marxist be most likely to make? A. Class warfare has been supplanted by ethnic warfare. B. Communist revolutions are no longer possible. C. The key to promoting democracy is to first examine its subtext. D. The global North is exploiting the global South.1) True or false a) Historical critiques of capitalism revolve around commodity production controlled by capitalists for profit-making based on consumer spending and want free and open markets and deregulation supplies the solution for many problems. t or f? b) According to “US trade policy” by Stephan J. Norton one response to the Great Depression was to turn inward. In legislation authored by Sen. Reed Smoot (R-UT) and Rep. Willis Hawley (R-OR) hiked protective tariffs on scores of goods by 20% or more. t or f?Which is the correct interpretation of the Invisible Hand? (A) The corporations associated with weapons, pharmaceuticals, and agriculture profit, thus increasing economic growth. (B) People are less likely to trade with foreigners, since they know more about the domestic market. (C) Capitalism and the free market lead to maximum prosperity for society. (D) The gap between a worker’s labour value and the capitalist’s profit begets alien ation of labour
- Define the following terms critically contrasting them in reference to co-operation Socialism Communism Capitalism?China’s economic system is sometimes labeled __________. A. state socialism B. utilitarianism C. state capitalism D. private communismWhich of the below statements does NOT reflect the ideas of Trade and Globalization. In short, with which of the below statements, in one form or the other, DOES NOT match the ideas expressed? Group of answer choices Trade is a zero-sum game. If trade is good for the industrially advanced countries in western Europe and the U.S. it must be bad for the poorer countries in the world. In the late 1970s a major profit-seeking Korean textile producertrying to avoid quotas imposed by Europe and the U.S. upon South Korea, contracted out the production of shirts to a Bangladeshi garment producer. To ensure that the shirts produced would be of global quality the Korean company trained the Bangladeshi workers -thus creating human capital. In recent years, though Bangladesh is still one of the poorer countries in the world, it has also emerged as one of the world's leading garment producers. Cheap exports were the path to prosperity for many Asian economies such as Japan, Singapore,…