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Mercantilist thought, circa 1500-1750, implicitly assumed that: (a) total wealth in the world is fixed

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Mercantilist thought, circa 1500-1750, implicitly assumed that:

(a) total wealth in the world is fixed. (b) economic wisdom derives from a proper reading of scripture. (c) free trade is the best way to maximize the wealth of a nation and trade is a win-win game. (d) excessive amounts of gold quickly trigger inflationary pressure.