Protectionism Is Similar to Mercantilism as They Both Advocated _____

question 57

Multiple Choice

Protectionism is similar to mercantilism as they both advocated _____.

• A) dividing the nations of the world into three categories based on its innovation capabilities 
• B) developing comparative advantages based on a nation's locally abundant factors 
• C) specializing in economic activities in which a nation can have an absolute advantage 
• D) government involvement in international trade

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Definitions:

Industrial-Organizational Psychology

The branch of psychology that applies psychological theories and principles to organizations, focusing on individual and group behavior in the workplace.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, including social and non-social contexts.

Work Affected

Referring to the impact that work has on an individual's emotions, health, or overall well-being.

Job Analysis

Job analysis is the process of examining and documenting the responsibilities, requirements, and conditions of a job, often used by human resources to match candidates with job roles and define job expectations.