If the OC of manufacturing a good in terms of other goods is lower for a country than other countries, then that country is said to have comparative advantage(CA) in that particular good.
How do you calculate trade price?List the various prices at which you bought the stock, along with the number of shares you acquired in each transaction. Multiply each transaction price by the corresponding number of shares. Add the results from step 2 together. Divide by the total number of shares purchased. the price at which goods are sold to shops by the people who produce them, rather than the price which the customer usually pays in the shop: I bought my coat direct from the factory at trade price.Terms of Trade Formula = (Index of Export Prices Index of Import Prices) x 100. Basic terms of trade: (The price of exports the price of imports) x 100. Let us understand this with an example. (700200=3.5) x 100 = 350.
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the __ __ rate of a risky portfolio is what a risk-free investment will have to give an investor to provide the same utility as the risky portfolio
The risk-adjusted return rate of a risky portfolio is what a risk-free investment will have to give an investor to provide the same utility as the risky portfolio.
The risk-adjusted return rate of a risky portfolio is a measure of the return on investment that an investor would expect to receive, taking into account the level of risk involved. This rate is used to compare the potential returns of different investments, and to determine which investments are likely to provide the greatest return for a given level of risk. The risk-adjusted return rate is calculated by comparing the expected return of the risky portfolio to the return of a risk-free investment, such as a U.S. Treasury bond. The rate of return that the risk-free investment would have to provide to the investor to provide the same utility as the risky portfolio is considered to be the risk-adjusted return rate. This measure is important because it helps investors to understand the trade-off between risk and return, and to make informed investment decisions.
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Pass necessary journal entries to rectify the following error:
Salary paid to the accountant Sushil Gupta of Rs.6500 was debited
to his personal Account.
The necessary journal entries to rectify the error is to:Debit the Salary Expense account for Rs. 6500 and Credit Sushil Gupta's salary account for Rs. 6500.
What is journal entry?Journal entry is used by companies or organizations to record their day to day business transactions.
To rectify this error, two journal entries must be made.
First is to to reverse the original error
Debit Salary Expense account Rs. 6500
Credit Sushil Gupta's personal account Rs. 6500.
Second is to correctly record the salary payment:
Debit Salary Expense account Rs. 6500
Credit Sushil Gupta's salary account Rs. 6500
Therefore the entry is Debit the Salary Expense account for Rs. 6500 and Credit Sushil Gupta's salary account for Rs. 6500.
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in a database system, which of the following insures the work of one user doesn't interfere with the work of another user?
Each transaction is guaranteed to be unique by the feature of isolation, which keeps other transactions from influencing it.
It guarantees that transactions are performed securely, independently, and without interruption at the same time, but it does not guarantee the order of transactions.
A computer security concept known as the principle of least privilege (POLP) restricts users' access permissions to only those that are absolutely necessary for them to do their duties. Users are only allowed to read, write, or execute the files or resources they need in order to complete their tasks.
a database system or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases. Any type of data can be stored, maintained, and accessed using databases. They collect information on people, places or things.
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(figure 44-2: market for melons in meloncholy) in the graph, the demand curve illustrates the domestic demand for melons and the supply curve illustrates the domestic supply of melons. suppose the country opens to trade and finds the world price to be equal to $10. this means that meloncholy will:
The world price to be equal to $10. this means that melancholy will: import 42 units of melons.
What is a world price?The cost of an item or service in a country other than one's own is referred to as the "world price." It has an impact on international trade because, in general, nations sell commodities whose local prices are less than their global prices and import things whose local prices are more expensive than their global prices.An item's price becomes the world price once a nation allows for trade. Global supply and demand are what drive the price. When an import good's price drops to its global equivalent, consumers benefit. Because the reduced price yields lesser earnings, domestic producers are worse off.Learn more about world price refer to :
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The following frequency distribution shows the frequency of the asking price, in thousands of dollars, for current homes on the market in a particular city. Asking Price Frequency $350 up to $400 12 $400 up to $ 450 9 $450 up to $ 500 1 7 $500 up to $550 11 $550 up to $600 6 What percentage of houses has an asking price between $350,000 and under $400,000? a) 21.8% b) 16.4% c) 33.3% d) 30.9%
Compound Interest (CI) is the future value (FV) of an investment earning interest at an annual rate of r compounded m times each year.
What distinguishes the ogive from the polygon?A frequency polygon is a line graph, but an orgive is a histogram. Class frequencies are shown in a frequency polygon, and cumulative frequencies are shown in an orgive. An ogive and a frequency polygon are identical.
What distinguishes an ogive from a histogram?The ogive estimates the cumulative distribution, whereas a histogram estimates a distribution's density. Both are simple to build by hand. Both are rough estimations that are affected by the bin widths and anchor position you select.
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GDP tends to rise and fall during economic fluctuations, but other measures follow the same pattern. One of these measures is
a. the annual precipitation rate.
b. the growth of the money supply.
c. the inflation rate.
d. the unemployment rate.
GDP tends to rise and fall during economic fluctuations, but other measures follow the same pattern. One of these measures is d. the unemployment rate.
What is GDP?Gross domestic product (GDP) is the accepted unit of measurement for the value added produced by the production of goods and services in a nation over a specific time period. As a result, it also accounts for income generated from that output or total expenditures on finished goods and services (less imports).
Hence the correct option is d. the unemployment rate.
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Partnership Dissolution.
Dorinda, Luis, and Elizabeth form a limited partnership. Dorinda is a general partner, and Luis and Elizabeth are limited partners. Consider the separate events below, and discuss fully whether each event constitutes a dissolution
of the limited partnership.
(a) Luis assigns his partnership interest to Ashley.
(b) Elizabeth is petitioned into involuntary bankruptcy.
(c) Dorinda dies.
Partnership Interest refers to a Partner's ownership interest in the Partners at any given moment, as well as that Partner's right to receive all benefits to which that Partner may be entitled in to this Agreement
What is bankruptcy?By selling assets to pay debts or by coming up with a repayment plan, bankruptcy enables those who are unable to pay their bills to start over. Businesses in financial distress are also protected by bankruptcy rules. The legislation and bankruptcy process are explained in this section.Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor.When you apply for bankruptcy protection, the court will grant you a discharge, freeing you from the duty to pay back some of your debts to your creditors.(a) Luis assigns his partnership interest to Ashley. : The interest of a Limited Partner may be assigned. With the approval of the remaining partners, assignment really enables the assignee to become a substituted limited partner. The limited partnership does not end as a result of the assignment, though.
(b) Elizabeth is petitioned into involuntary bankruptcy. : When a limited partnership files for bankruptcy, the partnership dissolves; however, if one of the limited partners files for bankruptcy first, the partnership does not dissolve.
(c) Dorinda dies. : Unless the business can be sustained by the remaining general partners, the partnership terminates with the retirement, death, or insanity of a general partner. Dorinda was the only general partner, therefore when she passed away, the limited partnership was dissolved.
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which of the following statements does not accurately describe the relationship between book value and market value?
The apt response is choice (A) An accounting summary of value is called book value. The purpose of a manager is to increase a stock's market value, not its book value, so it is inferior to book value as a source of up-to-date information on the company's value.
The market value will be reflective of the present value that is obtained from the market sentiments for various assets, whereas the book value will be indicative of the past cost that is shown in the value of various assets in the company's books of accounts.
Because it is not updated, whereas market value is constantly updated, book value is a source of current information that is significantly inferior to market value. Financial management constantly seeks to increase a company's market worth.
All of the other claims are untrue because market value is simpler to ascertain and does not necessarily exceed book value.
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which of the following is not an important factor in determining the appropriate cost driver to use in allocating a cost?multiple choicea cause-and-effect relationship between the cost and the cost driver.the availability of information about the cost and cost driver.the ability of the cost driver to allocate indirect costs to cost objects.all of the answers are important factors in determining the appropriate cost driver to use in allocating a cost.
All of the responses are crucial in deciding which cost driver to employ when allocating a cost.
What do you think of the answers?
A response is a reaction to a stimulus, which can be anything from a question to an experience to another form of stimulus. If you cry while watching sad movies, you are having an emotional response to the drama being played out on screen. A reply, an emotional reaction, or an explanation to a question are just a few examples of the various ways in which one can respond. to give a verbal or written reaction to someone or something. When I asked him his name, he remained silent.
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which of the following tools would best give a graphical representation of a sequence of activities and decisions?
Flowchart is a tool that give a graphical representation of a sequence of activities and decisions.
Option A is correct.
A flowchart depicts the sequential order of a process's individual steps. It is an all-purpose tool that can be used to describe a variety of processes, including a manufacturing process, an administrative or service process, or a project plan.
What is a flowchart's fundamental structure?A type of diagram known as a flowchart depicts an algorithm, workflow, or process. The steps are depicted as a variety of boxes on the flowchart, and arrows connect the boxes to show the order of the steps. A problem-solving model is depicted in this diagrammatic form.
Question incomplete:
Which of the following tools would best give a graphical representation of a sequence of activities and decisions?
A. Flowchart
B. Control flowcharts
C. Control processes
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describe the difference between a packaging technology and a packaging innovation. then, give one example of each.
The connection between internal and external logistics is provided by packaging technology. The largest yearly event for matching package specifiers and purchasers with suppliers, cutting-edge materials and formats, and industry experts is called Packaging Innovations.
What is the importance of packaging?
Packaging, which can be an integral element of the product or an external container composed of various materials, serves as the primary distribution, storage, and sales tool. It is frequently regarded as a crucial marketing item. Both the merchant and the customer depending on the packaging. The buyer uses it as a crucial tool for identification and utilisation, while the seller uses it for distribution, storage, and promotion.
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because the height of the demand curve measures the marginal value of the good to consumers, the fact that a demand curve slopes downward to the right illustrates that
The fact that demand curve slopes downward to right illustrates that as more of product is consumed, the consumers will value additional units less.
What is a demand curve?The relationship between the price of good or service and the quantity demanded over certain length of time is represented graphically by demand curve. The price will typically be shown on left-hand vertical axis, and quantity needed will be shown on the right-hand horizontal axis. There will be a different demand curve for each commodity or service. When prices rise, demand for almost all products declines, although the decline is far more significant for some products than for others. This is an illustration of price elasticity of demand, which measures how consumer behaviour changes in response to price changes. Demand elasticity fluctuates both within and within product categories, depending on how substitutable a product is.
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Complete Question:
Because the height of the demand curve measures the marginal value of the good to consumers, the fact that a demand curve slopes downward to the right illustrates that?
At December 31, 2017, Hawke Company reports the following results for its calendar year.
Cash sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,905,000
Credit sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,682,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . $1,270,100 debit
Allowance for doubtful accounts . . . . . . . . . . . . . 16,580 debit
1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions.
a. Bad debts are estimated to be 1.5% of credit sales.
b. Bad debts are estimated to be 1% of total sales.
c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible
The adjusting entries to reflect bad debts are listed below, along with how they affect Accounts Receivable and the Allowance for Doubtful Accounts on its balance sheet as of December 31, 2015:
1a. Journal entry estimating bad debts to be 1.5 percent of loan sales.
The first step is to determine the Bad Debt Accumulation.
Total credit sales minus the percentage of bad debt accrual is bad debt accrual.
Accumulated bad debt: $5,682,000 x 1.5%
$85 230 in bad debt accrual
The next step is to determine the Dec. 31 bad debt expense.
accumulation of bad debt $85,230\sLess Allowance for balance on questionable accounts ($16,580)
The cost of bad debt as of December 31 was $101,810.
The next step is to create the adjusting entry, which should read: Debit Bad debt expenditure $101,810 Credit Allowance for Doubtful Account $101,810 (To record Bad Debts at 1.5% of Credit Sales).
1b. A journal entry estimating bad debts to be 1% of credit sales.
The first step is to determine the Bad Debt Accumulation.
Credit sales totaled $5,682,000.
Cash sales totaled $1,905,000.
$7,587,000 was spent overall.
($5,682,000+$1,905,000)
Incurring bad debt % 1%
$75,870 in bad debt accumulation ($7,587,000 minus 1%).
The next step is to determine the Dec. 31 bad debt expense.
accumulation of bad debt $75,870
Reduced Allowance for Balance of Doubtful Accounts ($16,580)
Expense for bad debt as of December 31: $92,450
The third stage entails creating the adjusting entry, which should be composed as follows: Debit Bad debt expenditure ($92,450) Credit Allowance for Doubtful Account ($92,450) (To record Bad Debts at 1% of Credit Sales).
Accounts Payable as of December 31, 2015
Accounts Receivable ($1,270,100 gross)
Less: Provision for disputed accounts $80,085
Receivables (net): $1,190,015
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Devices which house every component except the keyboard and mouse inside the same case as the monitor are called ____computers. O laptop O desktop O mainframe O all-in-one
Option (d), All-in-one computers are units that have every component inside the same case as the monitor, with the exception of the keyboard and mouse.
Do integrated computers perform better?Because they were developed with the typical PC user in mind, AiOs are more than capable of meeting the computing needs of the majority of users, despite being less powerful. However, if you're a software developer or visual design specialist who requires greater processing power or a more potent graphics card, an AiO most certainly won't be adequate for your needs.
What are the disadvantages of a computer with a single use?It's harder to fix yourself. The display and the computer are both housed in one case, so you might need help getting into it. It's more tough to upgrade. Again, the design makes it difficult to reach the device's guts.
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which of the following skills includes the ability to recognize how a company fits into or is affected by its external environment?
Strategic thinking involves the ability to recognize how a company fits into or is affected by its external environment. This includes identifying opportunities, threats and trends as well as assessing potential risks and rewards.
What do you mean by Strategic thinking?
Strategic thinking is a process of examining a situation from multiple angles and angles and developing an action plan to achieve the desired outcome. It involves setting the vision and direction of an organization and then aligning the resources and actions to achieve that vision. It is a creative process of problem solving that goes beyond just finding a solution, but also looks at how the solution could be implemented most effectively. Strategic thinking looks at the big picture, understanding how the different elements of a situation fit together and how they can be leveraged to achieve the desired goals. It also involves being able to anticipate potential changes in the environment and adjust strategies accordingly.
Strategic thinking involves the ability to recognize how a company fits into or is affected by its external environment.
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A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the policy benefits, thenanswer choicesO the benefit is subject to the exclusionary rule.O IRS has no jurisdiction.O the benefit is received as taxable income.O the benefit is received tax free.
The key person life insurance coverage is owned by and payable to a corporation. If the business receives the coverage benefits, when a significant employee passes away, the company receives a death benefit. The correct option is A.
What is a company that owns a life insurance policy on one of its key employees?
The term "corporate ownership of life insurance" (COLI) describes coverage for senior-level executives that a business has purchased and owns on behalf of those employees. When an employee passes away, the company pays the premiums and receives the death benefit. The family or heirs of the insured employee are not entitled to any benefits. The firm owns the policy, pays the premiums, and is the beneficiary of a key person life insurance policy. When a significant employee passes away, the company receives a death benefit. While they look for a successor, a company might use that money to help them make up for missed sales.
Therefore, the correct answer is option a) the benefit is subject to the exclusionary rule.
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Complete question
A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the policy benefits, the answer choices the benefit is subject to the exclusionary rule.O IRS has no jurisdiction.O the benefit is received as taxable income.O the benefit is received tax free.
T/F a positive feedback loop causes a self-amplifying cycle where a physiological change leads to even greater change in the same direction.
True. A positive feedback loop is a self-amplifying cycle in which an alteration in physiology causes a larger alteration in the same direction.
It is a cycle of increasing output and is often seen in biological systems, such as the body’s response to injury or disease.
For example, when the body senses an injury, it sends signals to the brain, which then sends signals to the affected area to release certain hormones, such as adrenaline and cortisol.
This increases the body’s response to the injury, leading to more hormones being released, and the cycle continues. In this way, the body’s system amplifies the initial injury, allowing it to heal more quickly. In other words, the positive feedback loop creates a self-amplifying cycle that leads to positive change.
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TRUE/FALSE. Research suggests that employees of different generations do not substantially differ in their learning styles.
Answer:
False
Explanation:
when researchers publicly communicate planned study design, hypothesis, data collection, and analysis, they are engaged in
when researchers publicly communicate planned study design, hypothesis, data collection, and analysis, they are engaged in preregistration
Preregistration – what is it?Preregistration is the process of registering a scientific study's hypotheses, procedures, and/or analysis before it is actually conducted. One instance of this is conducting analysis on primary or secondary data. Clinical trial registration may not require study protocol registration, similar to study protocol registration. Pre-registration, which is similar to submitting a study to a registry, is planning your research and analysis before you start your study and making it publicly accessible.
Preregistration allows for the documentation of desired hypotheses, the research design, and analyses prior to the start of the study. Simply defining your research approach and submitting it to a registry are all that preregistering your research takes. The following characteristics set apart hypothesis-generating (exploratory) from hypothesis-testing (confirmatory) research:
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when the intellisense feature is on in management studio, a user can use the list generated by the query editor to insert sections of the sql statement.
in management studio, the query editor uses the intellisense feature to automatically display Completion list generated by the query editor to insert sections of the sql statement.
What is the function of IntelliSense?List Members, Parameter Info, Quick Info, and Complete Word are some of the functions offered by IntelliSense, a code-completion tool. With just a few keystrokes, you can add calls to properties and methods, keep track of the arguments you're typing, and learn more about the code you're using thanks to these capabilities.Utilized to reduce blue light while using a laptop, A: Its major purpose is to shield your eyes from the dangerous blue light that digital devices emit.While working in the code editor, IntelliSense offers an option to assist you in automatically implementing members of an abstract base class. In order to implement a member of an abstract base class, you often need to add a new method definition to your derived class for each of the base class's methods.Learn more about IntelliSense refer to :
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1.a). find the solution set of strategies based on iterated deletion of strictly dominated strategies. 1.b). find the set of nash equilibrium
Assume that the Nash equilibrium of the game is the first player selecting 1 with probability p p and the second player selecting 1 with probability q q. This will allow you to determine the Nash equilibrium of the game.
What is a Nash equilibrium?The method used to characterise the result of a non-cooperative game involving two or more players is known as the Nash equilibrium, after the mathematician John Nash. In a Nash equilibrium, each participant is assumed to be aware of the equilibrium strategies of the other participants, and altering one's own approach will not assist anyone. When discussing output choice by competing businesses in 1838, Cournot introduced the idea of Nash equilibrium. Game theorists utilise Nash equilibrium as a method to investigate how a collection of decision-makers interact strategically. Each decision-outcome maker in a strategic interaction is affected by their own decisions as well as those of the other participants.
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which of the following core components would also pique the interest of other segments beyond your targeted segment? channel and price advertising and price channel and advertising
The component that would also pique the interest of segments other than your target segment is advertising and price. Option B is correct.
How does advertising and pricing arouse market interest?Advertising corresponds to marketing techniques to generate desire for a product or service. The price corresponds to the monetary value charged for a good, which is perceived according to the benefits, brand value and other competitors.
Therefore, the advertising and pricing strategy helps to attract consumers and awaken the interest of segments other than its target segment.
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Seasonal fruits and vegetables are shipped from Chile and sold in the United States along with domestically grown produce.
A) Emphasis on ethics
B) Heightened global competition
C) Flattened management hierarchies
The correct option is: B) Heightened global competition. (A wiki, an innovative communication technology, permits numerous clients to cooperatively make and alter pages.)
International competition. Residents from the majority of the more seasoned industrialized nations have become fixated on it starting from the principal Japanese vehicles began selling great. Weakness has supplanted invulnerability as the word many would use to depict once solidly settled international organizations. However, this uneasiness darkens the consistent accomplishments various corporations have made against competition from organizations based external their nations.
These organizations depend on worldwide procedures to prevail in this day and age. That approaches an organization to consider the world one market rather than as an assortment of public business sectors and in some cases requires choices as eccentric as tolerating projects with low returns on initial capital investment in view of their cutthroat result.
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T/F the same proven management styles used by companies in their domestic operations should automatically be employed in their foreign subsidiaries.
The answer is false, the same proven management styles used by companies in their domestic operations should automatically be employed in their foreign subsidiaries is false.
What is a brief definition of a company?A sort of business organization known as a company is a legal entity distinct from its owners. Due to additional reporting requirements and higher-level legal obligations, it is a complex corporate structure with greater setup and administrative costs.
In the Companies Act, what is a company?There are numerous legal experts' definitions of what a company is. However, the Companies Act of 2013's Section 2(20) provides the following definition of "Business": "Company means a company incorporated under this Act or under any earlier company law."
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if the government imposes a per-unit excise tax on the production of corn, which of the following is true if we assume that the supply of corn is relatively price inelastic, while the demand for corn is relatively price elastic?
The incidence or burden of the tax will fall c) more on buyers than on sellers.
The reason for this is that the supply of corn is relatively price inelastic, meaning that the producers will not change the quantity they produce much in response to a change in price.
On the other hand, the demand for corn is relatively price elastic, meaning that consumers will respond to a price increase by reducing their consumption.
Therefore, when the government imposes a per-unit excise tax on the production of corn, the price will increase, but the quantity supplied will not decrease as much.
This results in a smaller change in the quantity supplied than in the quantity demanded, and the burden of the tax falls more on the buyers, who will pay a higher price for corn.
In conclusion, when the supply of a product is relatively price inelastic and the demand for the product is relatively price elastic, the incidence of the tax falls more on buyers than on sellers.
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The complete question is attached below.
happy cruises promises to authorize a full refund if 100% satisfaction is not met while on vacation. this is an example of a service ____.
Happy Cruises guarantees to authorize a full refund if a hundred percent delight is now not met while on vacation. This is an instance of a provider guarantee.
What do you mean via carrier guarantee?A carrier warranty is a promise by way of a agency that it will operate at a certain level. If that level is not met, the employer guarantees to compensate the patron in some way
Example:A hotel: “Our pleasant dedication to you is to provide:a friendly, efficient check-in; a clean, cosy room, where the whole thing works; a friendly, environment friendly check-out. If this dedication isn't always met, we will provide you $20 in cash.”
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https://brainly.com/question/30458112#SPJ4TRUE/FALSE. david ricardo believed factory workers should work in areas where they have a clear advantage and trade for other necessities.
David Ricardo believed factory workers should work in areas where they have a clear advantage and trade for other necessities - False
The theories of wages and profit, labour theory of value, comparative advantage, and others made David Ricardo a famous classical economist. He was an economist who advocated for comparative advantage above absolute advantage in the 19th century. The theory of comparative advantage put forth by Ricardo states that a nation or a particular region should concentrate on producing commodities and services for which it has a lower opportunity cost.
Further, there should be lower trade with other nations for those with higher opportunity costs. Due to the ability of each nation to capitalise on its comparative advantage, total productivity and economic growth are increased. Ricardo's thesis applied to nations as a whole rather than just to the workers within a nation.
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which of the following is more likely to need to raise additional long-term capital to support its anticipated sales growth?
It will need to buy more plants and equipment to sustain its growth, thus it is more likely to need to raise additional capital.
An investor's payments over and above a stock's par value are known as additional paid-in capital (APIC) in accounting.
commonly known as "contributed capital in excess of par," During the initial public offering (IPO) phase, APIC happens when a shareholder purchases freshly issued shares directly from a company. Companies see APIC, which is itemized under shareholder equity (SE) on a balance sheet, as a profit opportunity because it results in them receiving extra cash from stockholders.
The distinction between a stock's par value and its actual purchase price is known as additional paid-in capital or APIC.
Investors must directly purchase the stock in order for it to count as "additional" paid-in capital.
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Frank, age 38, was killed in a car accident. Which of the following riders provided an additional benefit for his heirs?
The accidental death benefit provided an additional benefit for his heirs.
What are accidental death benefits?
Payment payable to the beneficiary of an accidental death insurance policy, which is frequently a provision or rider attached to a life insurance policy, is known as the accidental death benefit. The normal payment payable in the event of the insured's death from natural causes is typically increased by the accidental death benefit (ADB) life insurance policy. If the accident resulted in the insured's death, an accidental death benefit may continue for up to a year after the initial accident, depending on the policy's issuer. Consider an accidental death benefit rider if you operate in certain hazardous areas or in a certain type of work.
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question 4 aspects of mercantilism included there was only a limited amount of wealth in the world in order to gain power, nations had to acquire wealth belief in free trade two of these answers are correct all of these answers are correct
The idea that wealth is scarce in the globe and that countries must accumulate riches to be powerful is supported by mercantilism.
What is capitalism?
The mercantilism is an economic strategy designed to increase exports while reducing imports in a given economy. It is held that importing products is negative since it sends riches and gold to other countries.
The is Imperialism and colonialism are encouraged by mercantilism. Tariffs are used to accomplish this. Imports are subject to the high tariffs in an effort to discourage them, while exports are subject to low duties in an effort to promote them.
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