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Questions and Answers
According to the passage, which economic theory attacked the mercantilist dogma first?
According to the passage, which economic theory attacked the mercantilist dogma first?
- Quantity theory of money (correct)
- Neutrality of money
- The theory of comparative advantage
- Say's Law
During the mercantilist era, what did countries favor in order to make themselves wealthier?
During the mercantilist era, what did countries favor in order to make themselves wealthier?
- Financial integration between nations
- Hoarding of precious metals
- Exporting their own goods to run balance of payments surpluses (correct)
- Accumulating foreign exchange
Who accused mercantilists of being anti-free trade and confusing money with wealth?
Who accused mercantilists of being anti-free trade and confusing money with wealth?
- David Hume
- David Ricardo
- Barry Eichengree
- Adam Smith (correct)
What did Great Britain begin promoting after victory in the Napoleonic wars?
What did Great Britain begin promoting after victory in the Napoleonic wars?
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According to historian Carroll Quigley, what factors allowed Great Britain to act benevolently in the 19th century?
According to historian Carroll Quigley, what factors allowed Great Britain to act benevolently in the 19th century?
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