A Mercantilist Would Most Likely Agree with Which of the Following

question 2

Multiple Choice

A mercantilist would most likely agree with which of the following statements about trade?

• A) Specialization in comparative advantage benefits all the parties engaged in trade.
• B) A persistent trade surplus will significantly harm a country.
• C) A country that liberalizes trade will enjoys higher rates of economic growth.
• D) Trade rules should be grounded in the principle of most favored nation treatment.
• E) None of the above

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Definitions:

Perceptual Defense

The psychological mechanism that protects an individual from accepting information that is uncomfortable or threatens self-concept.

Contrast Error

The distortion in performance appraisal arising when an employee's evaluation is influenced by comparison with a previously evaluated employee rather than objective standards.

Interviewer

The interviewer is a person who asks questions in a structured or unstructured format to gather information, opinions, or data from interviewees.

Applicant

An individual who applies for a job, program, or opportunity.