Modern international trade theory really started with the publication of Adam Smith's The Wealth of Nations in 1776.
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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
Q62: The Mercantilists believed that imports were "bad"
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
Q68: A country's ability to produce a specific
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