The government of the Republic of Senna enforces tariffs and quotas to limit imported goods, while exports are subsidized. By using these instruments, the government seeks to achieve a surplus in the balance of trade. Based on this information, which approach most influences the Republic of Senna’s approach to international trade?

a. Multiple Choice
b. product life-cycle theory
c. new trade theory
d. Heckscher-Ohlin theory
e. theory of absolute advantage
f. mercantilism

The correct answer is f. mercantilism.

Explanation:

Mercantilism is the trade in goods focused on generating wealth, that is, that the nation can accumulate precious metals such as gold.

This new commercial expression considered that the well-being of a nation depended on the capital that it could accumulate, that is, on the amount of metals (gold and silver) that the State could treasure, so they defended a positive trade balance with other countries. Therefore, this trend believed that the Government should apply a protectionist policy with which it would provide protection to the industrial branches of the economy that produced products for foreign markets and used customs tariffs as a protection mechanism.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.