An Inconsistency in the Mercantilist Doctrine,as Pointed Out by David

question 5

Multiple Choice

An inconsistency in the mercantilist doctrine,as pointed out by David Hume,is that:

• A)it indirectly helped increase volume of a country's imports.
• B)it presented a crude case for exclusion of government in matters pertaining to exports and imports.
• C)no country could sustain a surplus on the balance of trade.
• D)it was not backed by either sound political principles or social ideologies.

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Definitions:

Depreciation

The approach in accounting where the expense of a tangible or physical asset is spread across its lifespan.

Payroll Expense

The total amount of money a company pays to its employees as salaries and wages, including taxes and other deductions.

Depreciation Expense

The distribution of a physical asset's cost across its lifespan, mirroring its depreciation over time.

Tax Rate

The proportion of income or the value of a transaction that is collected by the government as tax, expressed as a percentage.