Author Question: The main policy goal for a country according to the mercantilists is A) to create a one-time ... (Read 57 times)

washai · **on:** Jun 30, 2018

The main policy goal for a country according to the mercantilists is

A) to create a one-time deficit in the balance of payments.
B) to create a continuing deficit in the balance of payments.
C) to create a one-time surplus in the balance of payments.
D) to create a continuing surplus in the balance of payments.
E) to create specie overflows.

Question 2

The domestic market failure argument is a particular case of the theory of

A) the optimum, or first-best.
B) the second best.
C) the third best.
D) the sufficing principle.
E) the efficiency case for free trade.