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.
-Classmates in favor of free trade over mercantilism would most likely cite which of the following reasons?
A) Free trade increases the standard of living by reducing consumer expenses.
B) Consumers faced with numerous product choices will spend more money.
C) Focal firms benefit from free trade because they can export more goods.
D) Free trade allows firms to raise prices and reach more international consumers.
Correct Answer:
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