Explain each number

6. Compare and contrast modern arguments for protectionism with those of the Mercantilist era.

7. Mercantilists realized that (a) a surplus of exports would cause gold and silver to flow in from other countries, and (b) increases in the stock of money can drive up a nation's prices. Are these outcomes compatible with one another in the long run?

8. On what basis did the mercantilist Thomas Mun defend the practice of shipping some gold abroad?

9. Match the following persons with their ideas or contributions. Explain each match.

____Malynes a. Wars fought at home are better than wars fought abroad.

____Davenant b. Compulsory labor on roads.

_____Petty c. Strong defense of merchants.

_____Colbert d. Political Arithmetick.

10. In what respects did Petty's economic analysis extend beyond the typical mercantilist views?