Mercantilists v. Physiocrats Flashcards

1
Q

Animations real world is determined by the store of precious metals

A

Mercantilism

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2
Q

The nations real wealth is derived from the land in its natural resources

A

Physiocrats

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3
Q

Free trade should be encouraged among nations through the absence of excess of laws and taxes

A

Physiocrats

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4
Q

The importation of foreign goods should be limited to restrictions and high tariffs

A

Mercantilism

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5
Q

The government should allow people to make their own choices because free labor is more productive than controlled labor

A

Physiocrats

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6
Q

Government is needed to control population patterns by dictating where people live and where they may work in order to ensure productivity

A

Mercantilism

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7
Q

Industries need governmental regulation special privileges and protection to ensure their survival

A

Mercantilism

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8
Q

Industries flourish best women allowed to make their own choices free of government intervention

A

Physiocrats

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