Which of the following is consistent with the central beliefs of mercantilism?
A. A country's government should intervene to achieve a surplus in the balance of trade.
B. A large volume of trade is essential regardless of whether it comes from imports or exports.
C. Trade is a positive-sum game in which all countries benefit from trading with each other.
D. A country that has an absolute advantage in the production of all goods derives no benefits from international trade.
E. Potential world production is greater with unrestricted free trade than it is with restricted trade.
A
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An investment's required rate of return is
A) the return you expect to receive in the upcoming period. B) its long-run average return. C) the return required by government regulators. D) the return it must earn to reward investors for undertaking its inherent risks.
LEAPS are a special type of option
A) that must be exercised within six months. B) that can only be exercised on the expiration date. C) that cannot be exercised for at least a year after it is is purchased. D) that may have an expiration date as long as three years.