Question
Which statement accurate compares capitalism and mercantilism?(1 point)
Responses
Mercantilism favors consumer choice, while capitalism emphasizes free markets.
Mercantilism favors consumer choice, while capitalism emphasizes free markets.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes imports.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes imports.
Mercantilism seeks to encourage competition, while capitalism emphasizes the need for subsidies.
Responses
Mercantilism favors consumer choice, while capitalism emphasizes free markets.
Mercantilism favors consumer choice, while capitalism emphasizes free markets.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes imports.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes imports.
Mercantilism seeks to encourage competition, while capitalism emphasizes the need for subsidies.
Answers
GPT-4o mini
The most accurate statement that compares capitalism and mercantilism is:
**Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.**
This captures the essence of both economic systems: mercantilism focuses on achieving a positive balance of trade through export promotion and import restriction, while capitalism prioritizes consumer choice and free market dynamics.
**Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.**
This captures the essence of both economic systems: mercantilism focuses on achieving a positive balance of trade through export promotion and import restriction, while capitalism prioritizes consumer choice and free market dynamics.