Which of the Following Statements Is True of the Theory

question 47

Multiple Choice

Which of the following statements is true of the theory of mercantilism?

• A) It suggested that the wealth of the world was flexible.
• B) It proposed the first dynamic theory to account for changes in the patterns of trade over time.
• C) It is also referred to as a modern trade theory.
• D) It is the oldest theory in international trade.

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