Theory of mercantilism - Study guides, Class notes & Summaries

US History 1 CLEP (2022/2023) Rated A+ The Line of Demarcation The line by the Pope to dived the world in half. Giving one half to Spain and the other the Portugal. The Spanish convinced to Pope to do this because both countries wanted to colonize but Portugal was the super power of the sea. Treaty of Tordesillas A 1494 agreement between portugal and spain, moving the Line of Demarcation farther west. Henry Clay Engineered the Missouri Compromise The Missouri Compromise of 1820 This maintaine...

7 institutions in the EU correct answers European Council Council of the EU Court of Justice of the EU European Commission European Parliament Council of Europe super-democracy correct answers the people decide everything globalization correct answers the process by which markets are integrated worldwide mercantilism correct answers countries should encourage exports and discourage imports zero-sum trade correct answers a gain for one country is a loss for another positive-su...

Mercantilism, as advocated in the 16th and 17th centuries, believed that countries should simultaneously encourage both imports and exports. ~~> False Largely discredited and primitive, mercantilism still influences the trade policies of many countries today. ~~> True Free trade refers to a situation where a government, through quotas or duties, attempts to influence what its citizens can buy from another country, or what they can produce and sell to another country. ~~> ...

Views on Globalization - ANS New, Evolutionary, and Pendulum "New" view on globalization - ANS A force sweeping through the world in recent times. "Evolutionary" view on globalization - ANS A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - ANS One that swings from one extreme to another from time to time Foreign Direct Investment - ANS Direct investment in, control, and management of value-added activities i...

WGU C211 Economics Pre-Assessment 2024 What are the weaknesses of the theory of mercantilism? Choose two. - ANSWER The theory leads to inefficient allocation of resources. Application of the theory reduces the wealth of the nation in the long run. What is the bandwagon effect? - ANSWER The movement of investors in the same direction at the same time. A country...

WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: What is resource similarity and how does this impact competitive dynamics? Answer: companies with high resource similarity and low market commonality will find themselves in regular adversarial interactions. Q: What is Classical Theory of International Trade Answer: Mercantilism: A zero-sum game theory that argues countries get richer when they sel...

WGU C211 Global Economics for Managers Final Exam Study Guide (100%Correct Elaborations) Updated 2024. Views on Globaliza on - correct answer New, Evolu onary, and Pendulum "New" view on globaliza on - correct answer A force sweeping through the world in recent mes. "Evolu onary" view on globaliza on - correct answer A long-run historical evolu on since the dawn of human history "Pendulum" view on globaliza on - correct answer One that swings from one extreme to another from me to ...

C211 Study Guide questions with 100% correct solutions What is Foreign Direct Investment? - Correct Answer ️️ -is direct investment in, control, and management of value-added activities in other countries. What different political views exist on FDI? - Correct Answer ️️ -Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI? - Correct Answer ️️ -Capital inflow, Technology, management, job creation What costs exist to a country receiv...

C211 Study Guide questions with complete solutions What is Foreign Direct Investment? - Answer- is direct investment in, control, and management of value-added activities in other countries. What different political views exist on FDI? - Answer- Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI? - Answer- Capital inflow, Technology, management, job creation What costs exist to a country receiving FDI? - Answer- Loss of sovereignty, adverse ...

INS 3003 FSU FINAL EXAM ALREADY PASSED International Political Economy multidimensional bargains between actors and states Postwar Economic History international institutions two blocs economic growth BRICS Theories to IPE Realism: mercantilism, relative gains, MNCs serving the state Radicalism: Marxist, global capitalism hierarchy, imperialism Econ Liberalism: rational self-interest, free exchange, comparative advantages Dependency Theory metropolis and satellite multinatio...