Mercantilists Differ from Liberalists in That

question 36

Multiple Choice

Mercantilists differ from liberalists in that

• A) mercantilists do not see wealth and economic growth as ends in themselves.
• B) liberalists treat all specializations as equal in value; mercantilists do not.
• C) mercantilists view the state as having an active and vital role in their economies; liberalists do not.
• D) mercantilists believe relative gains are more important than absolute gains for both parties.
• E) all of the above are true.

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