Ricardo's theory of trade discredited the idea that inflows of gold or silver
As a result of exporting helped a nation, while outflows of gold or silver
As a result of importing hurt a nation; that was known as:
A)export preference.
B)mercantilism.
C)monetary economics.
D)pricespecieflow mechanism.

Question

Ricardo's theory of trade discredited the idea that inflows of gold or silver
As a result of exporting helped a nation, while outflows of gold or silver
As a result of importing hurt a nation; that was known as:
A)export preference.
B)mercantilism.
C)monetary economics.
D)price­specie­flow mechanism.

Quizplus · Accepted Answer

Ricardo's theory of trade challenged the mercantilist belief that a nation's wealth was measured by its stock of gold and silver, which was thought to be increased by exporting more than importing.

Ricardo's Theory of Trade Discredited the Idea That Inflows of Gold