How does liberalism compare with mercantilism?
A) Liberalism is not concerned with whether one state gains more or less than another, just whether the state's wealth is increasing in absolute terms, whereas mercantilism emphasizes that each state must protect its own interests at the expense of others.
B) Liberalism emphasizes conflicting interests in economic exchanges, whereas mercantilism emphasizes shared interests.
C) Liberalism asserts that the most important goal is the creation of the most favorable possible distribution of wealth, whereas mercantilism asserts that the most important goal of economic policy is the maximum creation of total wealth.
D) Liberalism advocates a role for politics in market processes, whereas mercantilism advocates for market processes to be relatively unhindered by political elements.
Answer: A
You might also like to view...
In a campaign in which many voters have not yet taken a strong position for or against a candidate, that candidate's most effective form of persuasion would be __________
a. news stories on his or her website b. Twitter feeds at frequent intervals c. political blogs d. well-crafted television ads e. billboards
The primary reason that the Framers chose to unify the country was that
A) some form of union allows smaller entities to pool their resources. B) ?they wanted to revoke states' rights. C) ?they wanted to create a unitary system. D) ?establishing a union allows larger states to dominate. E) ?unions allow for collective bargaining.