People who might be called "neomercantalists" are most likely to argue that
1)the benefits from international trade increase with the size of the trade surplus;
2)the power of the government is related to the size of the trade balance;
3)the country's living standard is related to the size of the trade surplus.

Question

Quizplus · Accepted Answer

Neomercantilists typically believe that a trade surplus is beneficial as it increases national wealth and power, thus they would argue that benefits from trade and living standards are related to the size of the trade surplus, and that government power is linked to the trade balance.

People Who Might Be Called "Neomercantalists" Are Most Likely to Argue