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Questions and Answers
According to the theory of Mercantilism, why should a nation aim to have more exports than imports?
According to the theory of Mercantilism, why should a nation aim to have more exports than imports?
- To weaken the nation's economy by overspending on imports.
- To increase the profit made from international trade. (correct)
- To decrease the revenue earned from international trade.
- To maintain a trade balance between imports and exports.
In the context of Mercantilism, what is the primary purpose of colonies for a country?
In the context of Mercantilism, what is the primary purpose of colonies for a country?
- To generate wealth that flows back to the mother country. (correct)
- To promote cultural exchange between countries.
- To enhance political power through territorial expansion.
- To encourage fair trade practices with other nations.
How does Mercantilism suggest a nation can strengthen its economic position in international trade?
How does Mercantilism suggest a nation can strengthen its economic position in international trade?
- By allowing unrestricted flow of goods across borders.
- By tightly controlling its trade activities and resources. (correct)
- By encouraging free trade agreements with other nations.
- By promoting equal distribution of wealth among colonies.
Which statement best describes the impact of having more exports than imports according to Mercantilism?
Which statement best describes the impact of having more exports than imports according to Mercantilism?
What is the main problem a country under Mercantilism would face if it consistently had more imports than exports?
What is the main problem a country under Mercantilism would face if it consistently had more imports than exports?
What is the main difference between collectivism and individualism?
What is the main difference between collectivism and individualism?
What is a defining characteristic of democracy?
What is a defining characteristic of democracy?
Which type of totalitarianism is characterized by governance according to religious principles?
Which type of totalitarianism is characterized by governance according to religious principles?
How do social democrats aim to achieve their socialist goals compared to communists?
How do social democrats aim to achieve their socialist goals compared to communists?
What is a key feature of tribal totalitarianism?
What is a key feature of tribal totalitarianism?
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