题目内容
The basic idea of mercantilism was that wealth consisted of the goods and services produced by a nation.
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According to Adam Smith, international trade was a "win-win" situation since all nations could enjoy gains from trade.
The price-specie-flow mechanism illustrated why one nation's gains from trade were accompanied by another country's losses.
Complete specialization usually occurs under the assumption of increasing opporyunity costs.
Adam Smith contended that gold, silver, and other precious metals constituted the wealth of a nation.
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