Baxter-People or Penguins Baxter Argues Questionnaire

When in reality, everyone is a part of the larger ecosystem that is dependent upon supporting the primary objectives of other organisms. As they are destroyed, this will have negative impacts life. (Pojman, 2012)

Hooper-Mercantilism

Explain mercantilism in your own words. What would a mercantilist think of trade agreements like NAFTA?

Mercantilism is when one nation is seeking to gain an advantage over the others through controlling a large amount of natural resources and using them to become more competitive against others. The basic objectives are to use these areas, to produce a host of products and send them to trading partners in order to realize gains an over them. Mercantilists would think of free trade agreements as the natural extension of these policies. This is taking place by having a number of markets to flood with different goods / services, access to cheap labor and greater control of natural resources.(Hooper, 2010)

What are the six things that an individual can do with U.S. dollars? Which of those things would benefit the U.S. How does this help make the case against mercantilism?

The six things individuals can do with U.S. dollars include: trade them for other currencies, spend the money, save, invest, make loans and send their funds abroad. The area that would benefit the U.S. The most is spending the money. This is because the economic cycle is dependent upon someone continuing with these activities in order to realize the larger rewards. The way that this make the case against mercantilism, is these practices are encouraging more countries to follow a similar model. This will help to improve their standard of living and establish a strong middle class. (Hooper, 2010)

References

Hooper, C. (2010). Mercantilism Lives. Library of Economic and Liberty.

Pojman, P. (2012). Environmental Ethics.….....