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Questions and Answers
According to mercantilism, what was considered the mainstay of national wealth and essential to vigorous commerce?
According to mercantilism, what was considered the mainstay of national wealth and essential to vigorous commerce?
- Trade surplus
- Prestige and power
- Goods
- Gold and silver (correct)
According to mercantilism, how could a country increase its national wealth, prestige, and power?
According to mercantilism, how could a country increase its national wealth, prestige, and power?
- By maintaining a trade surplus (correct)
- By importing more goods
- By accumulating foreign currency
- By exporting fewer goods
What was the main tenet of mercantilism?
What was the main tenet of mercantilism?
- To export fewer goods
- To maintain a trade surplus (correct)
- To import more goods
- To accumulate foreign currency
According to Thomas Mun, what was the ordinary means to increase wealth and treasure?
According to Thomas Mun, what was the ordinary means to increase wealth and treasure?
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What would happen if a country imported goods from other countries according to mercantilism?
What would happen if a country imported goods from other countries according to mercantilism?
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