According to the economic theory of mercantilism, ______.
A. trade is about absolute advantage ; tariffs should be used to maintain economic superiority
B. trade is zero-sum ; under certain circumstances, countries shouldn’t trade even if it is inefficient
C. trade is about efficiency ; by trading what both partners produce most efficiently, both countries benefit
D. trade is all about power ; by maintaining trade relations, larger colonial powers could control less developed countries
B. trade is zero-sum ; under certain circumstances, countries shouldn’t trade even if it is inefficient
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State government indebtedness is highly restricted in Texas because the framers of the Texas Constitution strongly believed in a "pay-as-you-go" system of government
Indicate whether the statement is true or false
Proposals submitted by a state legislature to the public for a popular vote are called
a. public decrees. b. public prays. c. diets. d. referenda. e. legislative review.
Too often, educational reports focus on measures of resources expended on education, which are also known as ________
A. inputs B. outputs C. outcomes D. incomes
How does collective security differ from the balance of power?
What will be an ideal response?