Which Statement Is a Key Assumption of Mercantilism

question 14

Multiple Choice

Which statement is a key assumption of mercantilism?

• A) Trade benefits all trading partners equally.
• B) Trade benefits only the weak nations.
• C) One nation's success in commerce has no effect on other nations.
• D) One nation's success in commerce is another nation's loss.
• E) One nation's success in commerce benefits all nations.

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Definitions:

Negligence Suit

A legal action brought against an individual or entity accused of failing to exercise a level of care that a reasonably prudent person would in a similar situation, resulting in harm or damage.

Defective Product

is a product that fails to meet safety standards or does not operate as advertised, potentially causing harm to consumers.

Purchased

Acquired by paying money or its equivalent; bought.

Strict Liability

A legal principle where someone is held responsible for damages or loss, regardless of fault or intention, often applied in product liability cases.