Which term describes Caprivi's economic approach?
Feudalism
Mercantilism
Protectionism
Free trade
Answer
Free trade is Caprivi's economic approach. This approach emphasizes the importance of free and unrestricted trade between countries. It advocates the removal of trade barriers such as tariffs and quotas to promote economic growth and efficiency. Free trade allows countries to specialize in the production of goods and services in which they have a comparative advantage, leading to increased productivity, competition, and consumer welfare.
Unveiling Leo von Caprivi: A Quiz on the Remarkable German General and Statesman
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