Proponents believed a positive balance of trade was essential to a state because it was a significant source of __________.
A) diplomacy
B) power
C) democracy
D) capitalism
Correct Answer:
Verified
Q13: Which policy would be followed by a
Q14: A unilateral method of protecting domestic producers
Q15: How does liberalism compare with mercantilism?
A)Liberalism is
Q16: Applying quotas on imports is a policy
Q17: When states specialize in producing the goods
Q19: Protectionism hurts an economy in which way?
A)Consumers
Q20: Mercantilist practices were seen as essential to
Q21: The largest,and most comprehensive,regional free trade area
Q22: The existence of world markets may reduce
Q23: The _ oversees the world's most important
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