Which of the Following Statements Is TRUE of the Economic

question 11

Multiple Choice

Which of the following statements is TRUE of the economic theory of mercantilism?

• A) According to this theory, a nation's prosperity depends on its human capital.
• B) This theory discourages import and export and advocates that a nation be self-sufficient.
• C) This theory rejects the idea that the government should play a role in the economy.
• D) According to this theory, governments should encourage exports and discourage imports.

---

Definitions:

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, notably the eight stages of human development.

Basic Trust

A sense of confidence and security in the world, typically developed in infancy, that the environment is predictable and reliable.

Responsive Caregivers

Individuals who attentively and sensitively respond to a child's needs, fostering emotional development and a sense of security.

Erikson's Psychosocial Development Theory

A theory proposed by Erik Erikson that outlines eight stages of psychological development from infancy to late adulthood, each characterized by a specific crisis.