An early modern European economic theory that trade generates wealth of bullion which a government should encourage by promoting exports and restricting imports is called:

Related MCQs

• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The lowering of the value of a currency in the international market or against specific other currencies, which makes exports cheaper and imports expensive is called:
• The difference in the value of visible exports and visible imports is called :
• When no tariffs are imposed on exports and imports, it is called:
• The difference between visible exports and visible imports is defined as -
• Difference between a countrys exports and imports is:
• European Recovery Program (ERP) was a United States program of financial assistance that helped to rebuild European nations devastated by World War II. This program is commonly called
• The General Agreement on Tariffs and Trade trade rounds concentrated on reducing tariffs. Which round was the first major attempt to tackle trade barriers and to improve the system? This eighth round is called:
• An association of producers to regulate prices by restricting output and competition is called
• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as