In 1752, the Scottish Philosopher David Hume, One of the First

question 16

Essay

In 1752, the Scottish philosopher David Hume, one of the first skeptics of mercantilism in Europe, stated that mercantilism was a fallacy. Provide reasons to support his statement.

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Definitions:

States of Emotion

The temporary emotional experiences or feelings that vary in intensity and occur in response to external or internal events.

Two-Factor Theory

The Schachter-Singer theory that to experience emotion one must (1) be physically aroused and (2) cognitively label the arousal.

Sympathetic Nervous System Activity

Part of the autonomic nervous system that prepares the body for "fight or flight" responses, increasing heart rate, blood flow, and energy release.

Subjective Well-Being

An individual's self-assessed happiness or satisfaction with life, incorporating emotional reactions and cognitive judgments.