The Mercantilists believed that imports were "bad" because they led to an outflow of gold and silver from the country.
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Q57: Importing countries produce more of the goods
Q58: Abstraction is something that only occurs in
Q59: The Mercantilists advocated that each country should
Q60: The Mercantilists believed that international trade was
Q61: The Mercantilists equated wealth with holdings of
Q63: Modern international trade theory really started with
Q64: International trade allows the world to use
Q65: According to Adam Smith, international trade is
Q66: Specialization and trade increase the world's output
Q67: A country's ability to produce a specific
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