The Mercantilists advocated that each country should try to create balanced trade by having exports equal to imports.
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Q54: Trade between Mississippi and Massachusetts occurs for
Q55: Prices of traded goods fall in the
Q56: Production of traded goods falls in countries
Q57: Importing countries produce more of the goods
Q58: Abstraction is something that only occurs in
Q60: The Mercantilists believed that international trade was
Q61: The Mercantilists equated wealth with holdings of
Q62: The Mercantilists believed that imports were "bad"
Q63: Modern international trade theory really started with
Q64: International trade allows the world to use
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