Ricardo's Theory of Trade Discredited the Idea That Inflows of Gold

question 163

Multiple Choice

Ricardo's theory of trade discredited the idea that inflows of gold or silver
As a result of exporting helped a nation, while outflows of gold or silver
As a result of importing hurt a nation; that was known as:

• A)export preference.
• B)mercantilism.
• C)monetary economics.
• D)price­specie­flow mechanism.

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Definitions:

Shadow

In psychological terms, often refers to the unconscious aspect of the personality which the conscious ego does not identify in itself.

Firm Differentiation

The strategy of making a company's products or services distinct from its competitors in the eyes of customers, often through unique characteristics or superior quality.

Stigmatize

To brand or label something negatively, leading to discrimination or ostracization, often based on misconceptions or prejudice.