Which of the following is a major flaw associated with mercantilism?
A: Mercantilists
do not support government intervention in trade
B: Mercantilists
view trade as a zero-sum game.
C: Mercantilists
recommend policies to maximize imports.
D: Mercantilists
recommend countries to maintain a negative trade balance.
A: Mercantilists
do not support government intervention in trade
B: Mercantilists
view trade as a zero-sum game.
C: Mercantilists
recommend policies to maximize imports.
D: Mercantilists
recommend countries to maintain a negative trade balance.
举一反三
- Unlike the mercantilists, Adam Smith maintained that:
- A situation in which a gain by one country results in a loss by another is called________ . A: openness of economy B: free trade C: a zero-sum game D: trade deficit
- If the U.S. donated $56B worth of medicine to Uganda, the net effect on the ________ would be ________. A: unilateral transfers account, positive B: trade balance, negative C: trade balance, zero D: capital accounts, positive
- A ()occurs when a country's imports exceed its exports during a given time period. A: trade balance B: trade imbalance C: trade surplus D: trade deficit
- Which of the following is a risk associated with international trade? A: technological obsolescence B: highly unstable governments C: market monopolization D: lack of trade barriers E: currency stagnation