The trade theory that states that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called

Related MCQs

• That identical godos should cost the same in all nations, assuming tis costless to ship godos between nations and there are no barriers to trade, is a reflection of the:
• Govt. policy about exports and imports is called:
• The records of exports and imports in goods and services and transfer payments is known as
• If a nations terms of trade is ½ its trade partners terms of trade is
• In 2003, the US had the largest total amount of imports from and exports to
• “An Enquiry in to the nature and causes of Wealth of Nations” is written by
• The H O theory postulates that as a result of trade the differences in factor prices between nations
• Adam Smith identified the basic reason for trade between two nations as
• A primary reason why nations conduct international trade is because:
• Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies. This is because, unlike domestic subsidies, import tariffs and quotas: