Which of the following is not true about the Mercantilists?
A) Wealth was equated with holdings of gold and silver.
B) A trade deficit was bad.
C) A trade surplus was good.
D) Trade was considered to be an n-sum game.
E) The stock of gold was important.

Question

Quizplus · Accepted Answer

Mercantilists viewed trade as a zero-sum game, where a gain by one country was a loss by another, not an n-sum game where all parties could benefit.

Which of the Following Is Not True About the Mercantilists