Question

-> Click Submit to complete this assessment. Save and Sub Question 10 Question 10 of Dudley North argued that international trade could be mutually beneficial it A manufacturers in each country competed on a level playing field. 1 points Save OB each country was politically independent and not a colony of another country oC all the answers are carrect D. each country exported goods they had a surplus of and imported goods that were scarce E. each nation specialized in the production of one or two goods and then imported goods from the rest of the world that I could not produce at home Click Submit to complete this assessment Question 107 of 10 Save and Submit AEG 1022

Answer 1

Solution: each country was politically independent
Explanation: Dudley North argued that countries economy would flourish only when the restrictive laws that bestowed special privileges are removed. He stated that the international trade could be mutually beneficial to both countries and consider it far from being a zero-sum game. He considered "profit" and "capital" to be the distinct factor of production.