This Scottish economist was highly critical of the Mercantilists: A.Adam Smith B.John Maynard Keynes C.Joseph Schumpeter D.Paul Volcker If the value of goods and services a country buys from foreigners is more than the value of goods and services it sells to foreigners, that country is said to have a: A.Trade deficit B.Trade surplus C.Inflationary trend D.Deadweight loss.