In Country X, the Land-Owning Elite Were Powerful Enough to Influence

Multiple Choice

In Country X, the land-owning elite were powerful enough to influence the government. The subsequent removal of tariffs by the government, while benefitting the landowners, negatively impacted the local company Acme Manufacturing. As a result, Acme Manufacturing was no longer financially viable and had to shut down. Which term describes the policy that was enacted by the government?

A) capitalism
B) free trade
C) merchantilism
D) modernization