The Emphasis Upon Export Surpluses in Mercantilist Theory

question 33

Multiple Choice

The emphasis upon export surpluses in mercantilist theory

• A) is also called the "beggar-thy-neighbor policy" and a "favorable" balance of trade.
• B) was thought to be a good thing by business people because it meant that more money was circulating and more money meant higher prices and brisk trade.
• C) was thought to be a good thing by governments because it created brisk trade which yielded higher tax revenues than did slack trade.
• D) is characterized by all of the above.