Which of the Following Statements About Mercantilism Is Accurate

question 14

Multiple Choice

Which of the following statements about mercantilism is accurate?

• A) Mercantilism involves a greater role for the state in economic policy than communism.
• B) Mercantilism directs the economy toward certain industries and away from others.
• C) Mercantilism mandates that unemployment should be accepted as inevitable.
• D) Mercantilism advocates for a state to intervene in the economy only when crises arise.

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Definitions:

Doctrine of Respondeat Superior

A legal principle that holds an employer or principal legally responsible for the actions of an employee or agent when acting within the scope of their employment or authority.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, typically resulting in injury or harm that constitutes the basis for a claim by the injured party.

Agents

Individuals or entities authorized to act on behalf of others in business transactions or legal matters.

Articles of Incorporation

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