Mercantilism Was a System in Which All of the Following

question 103

Multiple Choice

Mercantilism was a system in which all of the following were true except:

• A) political rather than social forces controlled the central economic decisions.
• B) economic rather than social forces controlled the central economic decisions.
• C) governments encouraged growth by supporting trading activities.
• D) governments limited growth by protecting monopolies.

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Definitions:

Social Issues

Social issues refer to problems that influence a considerable number of individuals within a society.

Ethics And Values

Fundamental principles and beliefs that guide behavior and decision-making within an organization.

Competitive Positions

A firm's relative standing in its industry or market, determined by its competitive advantage, market share, and ability to attract and retain customers.

Cost

The amount of money required to purchase, maintain, or develop a product or service.