Mercantilists believed that:
A) exporting goods will leave fewer goods for the local economy.
B) importing goods is beneficial for the economy.
C) any kind of trade is a bad trade.
D) exports are good and imports are bad.
Correct Answer:
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Q2: When a country requires more resources to
Q4: Which of the following is the MOST
Q6: What is the MOST likely reason neighboring
Q7: According to the Ricardian principle of comparative
Q8: Which of the following is NOT considered
Q8: David Ricardo's model, which provided an explanation
Q9: Ricardo's theory of trade discredited the idea
Q10: The focus of the Ricardian model is
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Q14: The primary explanation of trade among nations
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