The _____ theory is based on the assumption that the wealth of the world is fixed.
A) product life cycle
B) mercantilism
C) strategic trade
D) national competitive advantage of industries

Question

The _____ theory is based on the assumption that the wealth of the world is fixed.
A) product life cycle 
B) mercantilism 
C) strategic trade 
D) national competitive advantage of industries

Quizplus · Accepted Answer

The assumption that the wealth of the world is fixed is a central premise of mercantilism, which emphasizes the importance of accumulating a nation's wealth through trade surpluses and protectionist policies.

The _____ Theory Is Based on the Assumption That the Wealth