Author Question: The emphasis upon export surpluses in mercantilist theory (a) is also called the ... (Read 67 times)

Engineer · **on:** Jun 30, 2018

The emphasis upon export surpluses in mercantilist theory

(a) is also called the beggar-thy-neighbor policy and a favorable balance of trade.
(b) was thought to be a good thing by business people because it meant that more money was circulating and more money meant higher prices and brisk trade.
(c) was thought to be a good thing by governments because it created brisk trade which yielded higher tax revenues than did slack trade.
(d) is characterized by all of the above.

Question 2

The current international monetary system is best described as a

a. fixed rate system.
b. completely flexible rate system.
c. gold standard.
d. mercantilist system.
e. managed floating rate system.