Examlex
Identify which of the following statements is true.
Mercantilism
An economic theory and practice that promotes government regulation of the nation's economy to increase state power at the expense of rival national powers.
Trade Surplus
A situation where a country's exports exceed its imports over a given period.
Sovereign Country
An independent state that possesses full self-government and is not controlled by another state.
Porter's Diamond Model
A framework for analyzing the competitive advantage nations or regions possess due to four key factors: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.
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