Define both mercantilism and laissez-faire as schools of economic thought. Explain why mercantilism fits with colonialism; i.e.; why would states that have mercantilist ideologies desire to colonize? Explain why laissez-faire fits with post-colonial ideas
What will be an ideal response?
Mercantilism is a government trade strategy for accumulating state wealth and power
by encouraging exports and discouraging imports.
classical liberal economic theory. Laissez-faire economics is the philosophical principle
of free markets and free trade to give people free choices with little government
regulation.
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Who among the following is one of the cabinet members who concern themselves with foreign policy matters on a full-time basis?
A. The attorney general B. The secretary of state C. The secretary of the treasury D. The secretary of commerce E. The secretary of homeland security
When Frank, Hironaka, and Schofer (2000) studied the historical development of environmental protection around the world from 1900 to the late 1900s, they were conducting what kind of research?
A. oral history analysis B. cross-sectional comparative research C. historical process research D. historical events research