Do you agree with this mercentalist perspective

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Question: In the 18th. and the mid 19th. centuries the prevalent economic wisdom was that of "Mercantilism". Mercentalists argued that a country's wealth was related to its exports and imports. If a country exports then trade increases welfare and if a country imports then a country decreases its welfare. Do you agree with this mercentalist perspective?

Reference no: EM133454218

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