Economics (M.Phil./Ph.D.) 2014 Panjab University Entrance Exam With Answers

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38.

Which of the following is not an essential feature of Mercantilist Thought :

A: Gold and Silver are keys to wealth of a Nation
B: A strong state is necessary for prosperity
C: Free foreign trade is beneficial for the country
D: Surplus of exports over imports is beneficial for the country

The answer is: C

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