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Based on mercantilism, what should a country do to keep a positive trade balance?
A country must export and don't import.
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During the mercantilism period, what would a country with a positive balance of trade accumulate?
Gold
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What is the wealth definition that Adam Smith proposed?
Wealth of a country consist of the goods and services available to it citizens.
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What are the 3 facts promoted by Absolute Advantage?
Skilled labor, Incentive to develop efective working methods and, No switch producing one good and then another.
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What is Mercantilism
Trade theory born in England during XVI Century based in capital cummulation.
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