chap 5 nn2

____(Chủ nghĩa thương mại) Nations should accumulate financial wealth by encouraging exports and discouraging imports.

Thúc đẩy xuất khẩu, cản trở nhập khẩu

____(thặng dư thương mại) The value of exports are greater than the value of imports

____The value of imports are greater than the value of exports

____were not in favor of free trade. Large volumes of trade were not the goal. They were in favor of government policies that limited imports by tariffs and quotas, and policies that subsidized their

exports.

____ The ability of a nation to produce a good more efficiently than any other nation (greater output using same or fewer resources)

A nation with an ____ can produce greater output of a good or service than other nations using same amount of, or fewer, resources.

Who trades with whom?

ý này nói về các nation

How mercantilism work? - main policies

Gợi ý: có 3 ý chính phải thuộc

Flaw of Mercantilism

rất ngắn

Absolute advantage and its 5 main features:

Đk sống, lợi ích từ sự chuyên môn hoá, năng suất nguồn nhân lực, mqh win win, tự do thương mại