According to New Trade Theory, nations trade because of national advantages only.
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Q39: Mercantilists identified national wealth with the size
Q40: Under mercantilism, the government had two goals
Q41: Mercantilism places great faith in government to
Q42: International (or foreign) trade is the exchange
Q43: Mercantilists identified national wealth with the size
Q45: Developed countries trade more than lesser developed
Q46: High income countries will tend to produce
Q47: Nations will tend to import goods where
Q48: Nations may produce goods where they have
Q49: Government policies, like minimum wage, will tend
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