According to this theory the holdings of a country’s treasure primarily in the form of gold constituted its wealth.

Related MCQs

• According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
• Under a gold standard,
• What was the first economic theory of international trade to be developed?
• Comparative Cost Trade Theory is given by
• The Theory of Absolute Cost Advantage is given by
• The Theory of Relative Factor Endowments is given by
• The theory of comparative cost advantage is given by
• Theory of Mercantilism propagates
• _______ theory states that, lack of resources often helps countries to become competitive
• The theory of Comparative cost advantage is given by