The primary objective of mercantilism was to
A. develop industries in the Americas.
B. build national self-sufficiency through a favorable balance of trade.
C. encourage development of a textile industry in Europe.
D. promote free trade policies.
Answer: B
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Which classical economist is associated with utilitarianism?
A. Thomas Malthus B. Louis Blanc C. Adam Smith D. Jeremy Bentham
Which of the following was NOT a result of the end of communism in Russia?
A) A higher crime rate and the appearance of a business elite. B) A very clear division between the haves and have nots. C) Short term stability of the economy, with Western investments. D) Rapid economic inflation and endemic government corruption. E) Rising unemployment because of bankrupt companies.
Why was iron was so significant to the development of civilization? How and where it was used?
What will be an ideal response?
The "lend-lease" plan
A. saw England allow the construction of American military bases in British territory. B. allowed the U.S. to loan weapons to England, to be returned when the war was over. C. saw England agree to allow jobless Americans to enlist in the British military. D. was extremely controversial and barely passed the Senate. E. saw the U.S. lend funds to the Allies so they could lease war supplies from the U.S.