Refute the Claim by Mercantilists Who Claimed That Without Severe

question 72

Essay

Refute the claim by mercantilists who claimed that without severe restrictions on international trade and payments,a country might find itself impoverished and without an adequate supply of circulating monetary gold as a result of balance of payments deficits.

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Definitions:

Cultural Hazards

Risks that arise from human behavioral practices, beliefs, and conditions in a society, often impacting health and safety.

Life Span

The maximum duration of life that a living organism can reach under ideal conditions.

Poverty

The state of having insufficient financial resources or material possessions for a standard of living considered acceptable in a society.

Malaria

A life-threatening disease transmitted to humans by the bite of infected Anopheles mosquitoes, characterized by fever, chills, and flu-like symptoms.