Mercantilism

A) is the philosophy of free international trade.
B) was a system of export promotion and barriers to imports practiced by governments, especially in the 17th and 18th centuries.
C) was praised by Adam Smith in The Wealth of Nations.
D) Both A and C.

B

Economics

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If the cross price elasticity of demand between two goods is positive, then the two goods are

A) substitutes. B) complements. C) independent. D) unrelated.

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