Mercantilism Assignment The Final Assignment for Daniel Parilla's International Business Class Involves
Mercantilism Assignment
The final assignment for Daniel Parilla's international business class involves taking an in-depth look at one of the five classical perspectives that explain the rationale for international trade. Daniel plans to present an argument in favor of mercantilism. Daniel will be attempting to convince his classmates that mercantilism leads to national prosperity. Daniel's peers will be given opportunities to counter his argument.
-One of Daniel's classmates most likely counters Daniel's argument with which of the following statements?
A) Restrictions on exports would lead to higher prices and possibly inflation.
B) Exporting firms would lose money due to the limited number of foreign consumers.
C) Consumers would be harmed by high prices and the lack of product choices.
D) Labor unions would demand higher wages and unemployment would increase.
Correct Answer:
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