Which Statement Regarding the Economic Theory of Mercantilism Is FALSE

question 7

Multiple Choice

Which statement regarding the economic theory of mercantilism is FALSE?

• A) Its principles spread throughout Europe in the sixteenth and seventeenth centuries.
• B) It reduced the desire for nations to acquire and maintain colonies.
• C) It assumed that exporting goods was preferable to importing goods.
• D) It presumed that the world's wealth was finite.
• E) It increased competition among nations.

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Definitions:

Ineffective

Not capable of producing the expected effect or results within a specific context or situation.

Critical Self-examination

The process of rigorously and introspectively considering one's own beliefs, actions, and motives to improve personal understanding or behavior.

Effective Helping

Providing support in a way that is beneficial and constructive to someone's well-being or situation, often requiring empathy, active listening, and appropriate interventions.

Intrude

To encroach or interrupt uninvitedly or undesirably, often in the context of privacy or personal space.