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The past or contemporary doctrine of mercantilism

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Which of the following are consistent with the past or contemporary doctrine of mercantilism?

i. Governments should subsidize exports.
ii. National well-being is directly related to the accumulation of precious metals.
iii. Contemporary mercantilism focuses on job gains and losses due to international trade.
iv. Trade deficits are good since they bring gold into the nation running the trade deficit.
v. Trade deficits are bad since they lead to a loss of gold for the nation running the trade deficit

Reference no: EM13662595

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