Which of the Following Statements Is Not True

question 142

Multiple Choice

Which of the following statements is not true?

• A) Although the mercantilist era ended in the late 1700s, its arguments live on.
• B) Many of the world's managers see China as a present-day "fortress of mercantilism" that raises barriers to imported goods while giving its own exporters an unfair advantage.
• C) Many people see trade as a zero-sum activity, in which one party must lose for another to gain. We still use the term favorable trade balance to mean a nation exports more goods and services than it imports.
• D) Mercantilism generated benefits for certain economic groups, such as emerging industrialists and shippers, though at a cost to other groups including consumers.
• E) Mercantilists viewed precious metals such as gold and silver as the only source of wealth, and their accumulation as essential to a nation's welfare.

Understand the concept of standing plans and how they differ from single-use plans.

Recognize the relationship and interdependence between strategic plans and operational plans in achieving organizational objectives.

Understand the concept of the "invisible hand" and its relevance to economic theory.

Identify examples of government intervention aimed at improving equality.

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Definitions:

Personality Psychology

The branch of psychology that studies personality and individual differences in behavior, emotions, and thought patterns.

Developmental Psychology

The scientific study of how and why human beings change over the course of their life.

Experimental Psychology

A branch of psychology that studies the mind and behavior by conducting controlled experiments to investigate processes underlying human thoughts, feelings, and actions.

Empiricism

A philosophical perspective that knowledge comes primarily from sensory experience, emphasizing the role of observation and experimentation in the acquisition of knowledge.