Which of the Following Statements Captures One of the Major

question 47

Multiple Choice

Which of the following statements captures one of the major differences between liberalism and mercantilism?

• A)Liberalism views economic relations as conflictual while mercantilism sees economic relations as harmonious.
• B)According to mercantilism, the goal of economic activity is to maximize global welfare, whereas liberalism emphasizes national interests.
• C)Mercantilism argues that politics determines economics whereas liberalism claims that economics determines politics.
• D)Liberalism argues that politics determines economics whereas mercantilism claims that economics determines politics.

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Definitions:

Civil Rights Act

Landmark U.S. legislation that outlaws discrimination based on race, color, religion, sex, or national origin.

Illegal Employment

Refers to the hiring of workers in a manner that violates the employment laws, including child labor laws, minimum wage laws, or employing undocumented workers.

Perceived Illegal

Actions or practices that are viewed or interpreted by individuals or groups as being unlawful or unethical.

Federal Contract Compliance

Refers to the adherence to laws and regulations that require businesses and organizations with federal contracts to follow nondiscrimination and affirmative action guidelines.