Author Question: How does liberalism differ from both Marxism and mercantilism? a. Liberalism maintains that ... (Read 125 times)

segrsyd · **on:** Sep 4, 2018

How does liberalism differ from both Marxism and mercantilism?

a. Liberalism maintains that economics determines politics.
b. Liberalism is relatively unconcerned with income distribution.
c. Liberalism is based on a zero-sum model of international relations.
d. Liberalism places a high priority on economic trade and wealth.

Question 2

Why would a mercantilist likely reject an agreement by which all states are made better off but some are made better off than others are?

a. Mercantilists care only about absolute gains.
b. Mercantilists perceive political economy as a positive-sum game.
c. Mercantilists would assume that the ruling classes in each state would benefit the most.
d. Mercantilists prioritize the national interest and are, therefore, sensitive to the issue of relative gains.