question archive Which of the following beliefs is not among those that mercantilists held about trade? Wealth is money
Which of the following beliefs is not among those that mercantilists held about trade? Wealth is money
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Which of the following beliefs is not among those that mercantilists held about trade? Wealth is money.
1)When the people of nation X import more than they export, the nation becomes poorer as a result.
2)Trade is positive-sum; that is, when people trade, both parties to the trade gain.
3)To increase the wealth of nation X, the government of nation X should do its best to arrange for nation X to run trade surpluses.
4)None of the above. That is, each of the above beliefs is held by mercantilists.
