Mercantilist practices were seen as essential to state power because __________.
A) the accumulation of precious metals could be converted into military assets when needed
B) these practices were known to broadly increase domestic living standards
C) liberal theories of trade were thought to be a wealth destroyer
D) prioritizing exports over imports allowed a state to export culture in addition to products
Correct Answer:
Verified
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
Q18: Proponents believed a positive balance of trade
Q19: Protectionism hurts an economy in which way?
A)Consumers
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
Q24: The fact that supply and demand do
Q25: The current round of multinational trade negotiations,which
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