What Name Is Given to an Economic System That Relies

question 12

Multiple Choice

What name is given to an economic system that relies on protected markets and trade monopolies within the market?

• A) free trade
• B) closed borders
• C) capitalist
• D) merchantilist

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Definitions:

Morphemes

The smallest grammatical units in a language, capable of conveying meaning, such as root words, prefixes, and suffixes.

Semantics

The branch of linguistics and logic concerned with meaning, including the relationships between words and phrases and what they represent in reality, and the rules governing these relationships.

Comprehensives

Broad educational schools in the UK that do not select students based on academic achievement or aptitude, aiming to provide a comprehensive education for all.

Affluent Families

Households with significant wealth and resources, impacting their lifestyle and opportunities.