Which of the Following Is Incorrect

question 24

Multiple Choice

Which of the following is incorrect?

• A) Mercantilists prefer strategic trade policies.
• B) Economic liberals prefer international trade rules.
• C) Structuralists prefer that states practice neo-imperialism in order to dump excess goods and capital abroad.
• D) Economic liberals like TRIPs.

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Definitions:

Economic Behaviors

Actions or decisions of individuals, households, and organizations regarding production, distribution, and consumption of goods and services.

Mental Processes

The internal cognitive operations that underlie thinking, reasoning, perception, and emotional responses.

Behavioral Economics

The study of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Neoclassical Economics

An approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.