Policies in Which Countries Establish Colonies in Distant Places in Order

question 82

Multiple Choice

Policies in which countries establish colonies in distant places in order to exploit their resources and labor, and possibly to establish settlements of their own citizens abroad.

• A) mercantilism
• B) colonialism
• C) capitalism
• D) imperialism

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Definitions:

Equal Distribution

The equitable allocation of resources, income, or assets among all members of a society or group.

Income

The total money received by an individual or household over a specified time period, including wages, salaries, benefits, and other earnings.

Positive Economic Statement

An objective statement based on facts that can be tested or validated, focusing on descriptions of what is rather than what ought to be.

Payroll Tax

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.