According to the Mercantilist School of Thought, How Can States

question 23

Multiple Choice

According to the mercantilist school of thought, how can states maximize their wealth and welfare?

• A)by playing an active role in the economy and accumulating resources
• B)by letting the "invisible hand" control economic decisions
• C)by opening trade borders and removing barriers to trade
• D)by focusing on industries in which they have a comparative advantage

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Definitions:

Closing Paragraph

The final section of a piece of writing, summarizing the main points and providing a concluding thought or call to action.

Routine Request

A standard or usual request often encountered in a particular context or environment.

Persuasive

Capable of convincing someone to do or believe something through reasoning or the use of emotional appeal.

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A straightforward method of communication or action where intentions or requests are stated clearly and openly.