An inconsistency in the mercantilist doctrine, as pointed out by David Hume, is that:
A. the volume of a country's imports increases as an indirect consequence of mercantilism.
B. the exclusion of government influence in matters pertaining to trade is not ideal.
C. in the long run, no country could sustain a surplus on the balance of trade.
D. it was not backed by either sound political principles or social ideologies.
E. trade is a zero-sum game rather than a positive-sum game as postulated by the theory.
C
You might also like to view...
When choosing customer communication media, companies should typically focus on efficiency
Indicate whether the statement is true or false
Prospects want to do business with salespeople who know their business and the products they sell.
Answer the following statement true (T) or false (F)
A plan that allows employees to select the benefits that best suit their needs up to a preset dollar value is called ______.
a. cafeteria style b. affordable care plan c. flexible spending account d. optional benefits plan
If their contract contains no binding arbitration clause, the parties may secure arbitration by entering into a ________ agreement
A) remission B) subrogation C) submission D) protestation