Mercantilism was an economic theory and practice, dominant in modernized parts of Europe during the 16th to the 18th century,[1] that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of the previous medieval version of political power: divine right of kings and absolute monarchy.[2] Mercantilism includes a national economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and also motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. High tariffs, especially on manufactured goods, are an almost universal feature of mercantilist policy. Other policies have included
<u>Answer:
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Aimee should check tertiary sources on the Red Scare.
Option: (A)
<u>Explanation:
</u>
In order to make the research report more informative and equipped, it is advisable that Aimee should not just rely on the resources that are available upfront without having to search much.
Going for tertiary sources and collecting crucial information from them would make Aimee's research report more in-depth, reliable and resourceful.
Tertiary sources would help Aimee to understand the unexplained nuances of the event of Red Scare.
Answer:
The terms materially alter the original contract, the original offer expressly required acceptance of its terms or the offeror objects to the new terms within a reasonable time.
Explanation:
The company (Nature's Products, Inc.) has to specify very carefully what they want to include in their contracts such as clauses or additional terms, because if the do not do this, <u>other companies can take advantage of certain loopholes in the contract to take an advantage.</u>
<u>Answer:
</u>
A
<u>Explanation:
</u>
National income measures the monetary value of the flow of output of the goods and services produced in an economy over some time.
<u>The uses of national income statistics:
</u>
- To see the rate of economic growth
- To see the changes in average living standard
- To see the distribution of the income
<u>There is three-way to calculating GDP:
</u>
National output is equal to the national expenditure is equal to national income
