The <u> mercantilism </u>theory is based on the assumption that the wealth of the world is fixed.
It was first published as An Inquiry into the Nature and Causes of the Wealth of Nations, more generally known as The Wealth of Nations. The book was written by BY Adam Smith, a Scottish moral philosopher by profession, to explain the industrialized capitalism system.
According to mercantilism, wealth was set and limited. The only way to succeed was to stockpile gold and impose tariffs on imports.
This theory suggests that nations should sell their products to other nations while making no purchases in return. Predictably, nations entered into cycles of retaliatory tariffs that stifled global trade.
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Answer:
B Federalism
reasoning: Federalism is the sharing and division of powers between national and state governments
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Answer:
- The difference between living expenses at Northwestern and her second choice but not how much she spent applying to Northwestern.
Explanation:
As per the description given, the 'difference between living expenses at Northwestern and her second choice but not how much she spent applying to Northwestern' as it exemplifies the opportunity cost that reflects the reason for capitulating the best alternative of 'expenses at Northwestern'(which is her best possible choice). Thus, if the amount spent on the second choice is lesser than her best alternative option then only the customer would be ready to bear the opportunity cost.
