An Inconsistency in the Mercantilist Doctrine, as Pointed Out by David

question 84

Multiple Choice

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.

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Definitions:

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A coastal seaport city in western Canada, known for its vibrant culture and natural beauty.

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The process by which sediments are compacted and cemented into solid rock, typically over geological time scales.