By Trying to Be Self-Sufficient and Producing a Wide Range

question 18

Multiple Choice

By trying to be self-sufficient and producing a wide range of goods,_____ policies reduce the wealth of a nation in the long run.

• A) absolute advantage 
• B) laissez faire 
• C) free trade 
• D) mercantilist

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Definitions:

UCC

Stands for the Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Electrical Portion

The part of a system or device that pertains to or operates through the use of electricity.

Lowest Bid

The least amount of money offered by a contractor to complete a specified project or job in a bidding process.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.