History, 20.09.2020 03:01 naomicervero
Which of the following was the most important assumption underlying the economic philosophy of
mercantilism?
A
Expansion of trade would lead to greater production and lower prices.
B
Merchants were subversive elements who should be controlled.
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The wealth of nations was limited and needed to be carefully preserved.
D
Population growth would allow nations to emerge from the cycle of poverty.
E
Production of goods for consumer consumption should be encouraged.
Answers: 3
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Which of the following was the most important assumption underlying the economic philosophy of
merc...
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