The "Paradox of Mercantilism" Reflected That Fact That

question 19

Multiple Choice

The "paradox of Mercantilism" reflected that fact that

• A) trade surpluses were fostered by protective tariffs.
• B) rich countries were comprised of large numbers of poor people.
• C) gold inflows led to higher prices and reduced exports.
• D) gold could not be hoarded and provide money for the economy at the same time.

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