The Term for a System of Economic Regulations Aimed at Increasing

question 25

Multiple Choice

The term for a system of economic regulations aimed at increasing the power of the state is

• A) capitalism
• B) mercantilism
• C) absolutism
• D) protectionism

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Definitions:

Resources

Assets or materials available to individuals, organizations, or societies that can be utilized to achieve specific goals or needs.

Willingness

The state of being prepared to engage in a particular action or process.

Decisions

The act of making a choice from among various options in the face of uncertainty or multiple possibilities.

Social Context

The environment of people, cultures, institutions, and norms that shape individuals' social interactions and behaviors.