The Failure of the Mercantilism Policy and the Tax Policy

question 52

True/False

The failure of the mercantilism policy and the tax policy during the Great Depression proves that economic policies are meaningless and they do more harm than good.

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Definitions:

Bystander Effect

A psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Bystander Effect

In social psychology, this refers to the tendency of people to be less inclined to provide aid to someone in need when they are in a group.

Clinical

Pertaining to the observation, diagnosis, and treatment of patients, especially those with psychological disorders.

Counseling

A professional guidance process involving therapeutic conversations and techniques to help individuals cope with personal, psychological, or social challenges.