Mercantilists Believed That a Country Gains from International Trade Only

question 20

True/False

Mercantilists believed that a country gains from international trade only at the expense of another country or countries.

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Definitions:

Genetically Determined

Traits or characteristics that are inherited from one's parents through genes.

Ego

The component of the mind in psychoanalytic theory that mediates between the unconscious desires of the id and the moral constraints of the superego.

Present Behavior

The current actions or mannerisms exhibited by an individual, as observed or reported at a given time.

Conscious Plans

Thoughtfully considered actions or decisions one intends to carry out, fully aware and deliberate.