According to the Economic Theory Known as Mercantilism

question 17

Multiple Choice

According to the economic theory known as mercantilism:

• A) merchants should control the government because they contributed more than others to national wealth.
• B) the government should regulate economic activity so as to promote national power.
• C) the government should encourage manufacturing and commerce by keeping its hands off of the economy.
• D) colonies existed as a place for the mother country to send raw materials to be turned into manufactured goods.

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Definitions:

Sensorimotor

Pertaining to the combined processes of sensory input and motor response; often related to the developmental stage in infants where they explore the world through their senses and actions.

Preoperational

Refers to the stage in Piaget's theory of cognitive development where children aged 2 to 7 years old use symbols and language but do not yet understand mental operations or logical thinking.

Formal Operational

The fourth and final stage of Jean Piaget's theory of cognitive development, occurring from around age 12 and beyond, marked by the ability to think abstractly, logically, and systematically.

Concrete Operational

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.