Which of the following holds that a country can increase its wealth by encouraging exports and discouraging imports:

CA Foundation · Business Economics · MTP · January 2025
Which of the following holds that a country can increase its wealth by encouraging exports and discouraging imports:
(A) A. Capitalism
(B) B. Socialism
(C) C. Mercantilism
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Socialism

Topics: Price Determination in Different Markets

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