Question
Which statement accurate compares capitalism and mercantilism?
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes imports.
Mercantilism seeks to encourage competition, while capitalism emphasizes the need for subsidies
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 imports.
Mercantilism seeks to encourage competition, while capitalism emphasizes the need for subsidies
Mercantilism favors consumer choice, while capitalism emphasizes free markets.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.
Answers
GPT-4o mini
The accurate statement that compares capitalism and mercantilism is:
**Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.**
This is because mercantilism is focused on maximizing a nation's wealth through a favorable balance of trade, particularly by encouraging exports and limiting imports, whereas capitalism promotes free markets and consumer choice, allowing for competition and the dynamics of supply and demand to determine the economy's operation.
**Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.**
This is because mercantilism is focused on maximizing a nation's wealth through a favorable balance of trade, particularly by encouraging exports and limiting imports, whereas capitalism promotes free markets and consumer choice, allowing for competition and the dynamics of supply and demand to determine the economy's operation.