Multiple Choice
According to the mercantilists:
A) Only one nation can gain from trade,and it is at the expense of other nations.
B) All nations can gain mutually from trade without any reduction in welfare to any nation.
C) No nations gain from trade,as it is necessary for each country to sacrifice more than they gain.
D) Trade has nothing to do with a nation's wealth or well-being.
Correct Answer:
Verified
Correct Answer:
Verified
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