The Mercantilists Would Have Objected to

question 128

Multiple Choice

The mercantilists would have objected to

• A) export promotion policies initiated by the government.
• B) the use of tariffs or quotas to restrict imports.
• C) trade policies designed to accumulate gold and other precious metals.
• D) international trade based on open markets.

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Definitions:

Surprise

An emotional and cognitive response to unexpected events or information.

Classical Conditioning

An acquisition of knowledge approach where two stimuli are regularly coupled; a behavior that at the outset is triggered by the second stimulus becomes, over time, elicited by the first stimulus alone.

Blocking

A learning phenomenon where an already established association to a stimulus inhibits the formation of an association to a new stimulus.

Classical Conditioning

An educational method where an association is made between a stimulus found in the environment and a stimulus that occurs naturally.