What Best Describes Mercantilism

question 4

Multiple Choice

What best describes mercantilism?

• A)an economic theory claiming that the strength of a country depended on bringing in more gold,through trade,than it paid out
• B)an economic theory claiming that the strength of a country depended on free trade
• C)a political theory favoring government by the merchant class
• D)a political theory advocating government takeover of trade and industry
• E)an artistic and intellectual movement

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Definitions:

Permanent Teams

Groups of individuals who work together on an ongoing basis, rather than for a fixed or temporary period.

Regional Differences

Variations in practices, attitudes, and behaviors among people or groups based on their geographic location.

Flexible

The ability to easily adapt to new, different, or changing requirements and conditions with minimal disruption.

Top Management

The highest level of managers and executives who are responsible for controlling and overseeing the entire organization.