The Emphasis Upon Export Surpluses in Mercantilist Theory

The emphasis upon export surpluses in mercantilist theory

A) is also called the "beggar-thy-neighbor policy" and a "favorable" balance of trade.
B) was thought to be a good thing by business people because it meant that more money was circulating and more money meant higher prices and brisk trade.
C) was thought to be a good thing by governments because it created brisk trade which yielded higher tax revenues than did slack trade.
D) is characterized by all of the above.

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