Multiple Choice
According to the economic theory of mercantilism, ______.
A) trade is about absolute advantage ; tariffs should be used to maintain economic superiority
B) trade is zero-sum ; under certain circumstances, countries shouldn't trade even if it is inefficient
C) trade is about efficiency ; by trading what both partners produce most efficiently, both countries benefit
D) trade is all about power ; by maintaining trade relations, larger colonial powers could control less developed countries
Correct Answer:

Verified
Correct Answer:
Verified
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