Define both mercantilism and laissez-faire as schools of economic thought. Explain why mercantilism fits with colonialism; i.e.; why would states that have mercantilist ideologies desire to colonize? Explain why laissez-faire fits with post-colonial ideas
What will be an ideal response?
Mercantilism is a government trade strategy for accumulating state wealth and power
by encouraging exports and discouraging imports.
classical liberal economic theory. Laissez-faire economics is the philosophical principle
of free markets and free trade to give people free choices with little government
regulation.
You might also like to view...
Using the results of the census, __________ is responsible for redistricting congressional boundary lines
A) the Federal Election Commission B) the U.S. House of Representatives C) the president D) each state E) the U.S. Senate
Only the Supreme Court can review the decisions of state courts
Answer:
The Free Trade Area of the Americas has not been put in place largely because of concerns raised by South American countries
Indicate whether the statement is true or false.
Which president said that a president's capacity will set his limits?
A) Ronald Reagan B) Franklin D. Roosevelt C) Woodrow Wilson D) Jimmy Carter