How does liberalism compare with mercantilism?

A) Liberalism is not concerned with whether one state gains more or less than another, just whether the state's wealth is increasing in absolute terms, whereas mercantilism emphasizes that each state must protect its own interests at the expense of others.
B) Liberalism emphasizes conflicting interests in economic exchanges, whereas mercantilism emphasizes shared interests.
C) Liberalism asserts that the most important goal is the creation of the most favorable possible distribution of wealth, whereas mercantilism asserts that the most important goal of economic policy is the maximum creation of total wealth.
D) Liberalism advocates a role for politics in market processes, whereas mercantilism advocates for market processes to be relatively unhindered by political elements.


Answer: A

Political Science

You might also like to view...

According to Table 10.1, which records the percent of Americans favoring and opposing the death penalty by social group membership, members of which of these social groups favor the death penalty by the largest margin over members that oppose it?

a. women b. evangelical Protestants c. the college educated d. Hispanics

Political Science

What public policy issue is illustrated by the funding divide between non-minority and minority school districts and discussions concerning social service recipients?

Political Science

Front-loading is the process of ______.

a. scheduling presidential primaries earlier in the primary season b. encouraging one’s supporters to vote early on the primary election day c. biasing the nomination process so that senators go to the front of the line d. presidents declaring their candidacy early to scare off potential opponents

Political Science

In most states, ________ is typically required for a state legislature to overturn a governor's veto

A. dominant minority B. majority minority C. zero majority D. two-thirds majority E. one-fifths majority

Political Science