Mercantilism is defined as
A. Economic theory designed to increase a nation’s wealth through the development of commercial industry and favorable balance of trade
B. Commonly shared attitude, beliefs, and core values of how government should operate
C. The belief that people are free and equal by natural right, and that this in turn requires that all people give consent to be governed.
D. All of the above

Has the corona crisis already changed the world? Many people certainly seem to think so. From doomsday prognoses of a collapse into a bio-authoritarian dystopia to cheerful visions of a rejuvenated benevolent state, commentators the world over have already identified 2020 as the date on which a new world was born.

Needless to say, the midst of a crisis is hardly the optimal vantage point from which to enjoy a synoptic historical view over the events that rage outside. Even as restrictions are being cautiously loosened, we seem to stand only at the end of the beginning of this story. Coronavirus has already left mountains of economic wreckage in its wake, even while vast swathes of the globe still await the full force of the virus’ first wave.

Explanation: