Reading Answers 5

Reading Answers 5 - Reading Answers 5 1 a. Provides a...

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Reading Answers 5 1 a. Provides a plentiful substance for the people. Provides state with revenue sufficient for public services. b. Because though a country may not have silver or gold, it can still be considered wealthy. 2 a. Carrying gold or silver forth of the kingdom is forbidden under heavy penalties. b. Since gold was widely accepted it was easier to accumulate goods with it and this prohibition crippled trade. c. The care for the wealth of a state gave way to the care of the balance of trade. Trade would bring wealth to the state. 3 a. If a monopoly is held on a certain good, in a certain country then restraining imports on that good enables the country to secure that monopoly. b. Great Britain has a monopoly on cattle and keeps that monopoly by placing restraints on importing cattle. 4 a. Pursuing your own needs not only increases you but also increases society as a whole. b. Every individual is much better than a statesman on determining what has value and how it should be used. 5
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This note was uploaded on 11/16/2009 for the course BE 123 taught by Professor Roger during the Spring '09 term at Limestone.

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Reading Answers 5 - Reading Answers 5 1 a. Provides a...

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