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Which of the following is false with regard to Akers's social learning theory?
Mercantilism Policy
An economic theory or practice characterized by government regulation of the economy for maximizing state power at the expense of rival national powers, focusing on trade balances and the accumulation of wealth.
Trade Restrictions
Measures imposed by governments to regulate or limit the trade of goods and services across borders.
Economic Vitality
Economic Vitality describes the strength and robustness of an economy, often measured by the level of business activity, employment rates, and gross domestic product growth.
Recessionary Phase
A period in the economic cycle when the economy is declining, characterized by reduced industrial activity, trade, and consumer spending.
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