Which of the Following Is the Main Principle of Mercantilism

question 8

Multiple Choice

Which of the following is the main principle of mercantilism?

• A) Protection of domestic industries is not essential for a nation's welfare.
• B) Government intervention is not required in global trade.
• C) Countries should encourage absolute free trade.
• D) It is in a country's best interests to maintain a trade surplus.

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Definitions:

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture, affecting their personal and social development.

George Herbert Mead

A major figure in American sociology and philosophy, best known for his work on the development of self and the theory of social behaviorism.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Looking-Glass Self

The idea that people’s conception of self arises through reflection about their relationship to others.