question 4 (multiple choice worth 5 points) (06.03r mc) what economic theory would be most likely to make a…

question 4 (multiple choice worth 5 points) (06.03r mc) what economic theory would be most likely to make a person oppose taxing imports? capitalism mercantilism socialism communism

question 4 (multiple choice worth 5 points) (06.03r mc) what economic theory would be most likely to make a person oppose taxing imports? capitalism mercantilism socialism communism

Answer

Brief Explanations:

Capitalism emphasizes free - market principles and minimal government intervention in trade. Tariffs on imports are a form of government intervention in trade. Mercantilism focuses on accumulating wealth through trade surpluses and often supports tariffs. Socialism and communism have different focuses such as social equality and collective ownership rather than free - market trade without tariffs as a central tenet.

Answer:

A. Capitalism