Mercantilism Assignment (Scenario) The Final Assignment for Daniel Parilla's International Business Class Involves

question 80

Multiple Choice

Mercantilism Assignment (Scenario)
The final assignment for Daniel Parilla's international business class involves taking an in-depth look at one of the six classical perspectives that explain the rationale for international trade. Daniel plans to present an argument in favor of mercantilism. Daniel will be attempting to convince his classmates that mercantilism leads to national prosperity. Daniel's peers will be given the opportunity to counter his argument.
-Which of the following statements strengthens the proposition that free trade is beneficial to nations?

• A) Free trade increases the standard of living by reducing consumer expenses.
• B) Imported products tend to be more expensive than domestically produced products.
• C) Unrestricted international trade generally lowers the overall prosperity of poor countries.
• D) Unrestricted international trade generally boosts inflation in developed economies.

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Definitions:

Subliminal Perception

The detection of information below the level of conscious awareness.

Conscious Awareness

The state of being cognizant of and capable of recognizing one's own existence, sensations, thoughts, surroundings, etc.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time.

Cocktail-Party Effect

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli.