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Author Question: The emphasis upon export surpluses in mercantilist theory (a) is also called the ... (Read 55 times)

Engineer

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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.



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Chocorrol77

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Answer to Question 1

(d)

Answer to Question 2

E




Engineer

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Reply 2 on: Jun 30, 2018
Excellent


mochi09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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