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Questions and Answers
According to the theory of mercantilism, what was considered the mainstay of national wealth and essential to vigorous commerce?
According to the theory of mercantilism, what was considered the mainstay of national wealth and essential to vigorous commerce?
- Imports
- Exports
- Trade surplus
- Gold and silver (correct)
What was the main tenet of mercantilism?
What was the main tenet of mercantilism?
- Importing more than exporting
- Using gold and silver as currency
- Maintaining a trade surplus (correct)
- Accumulating foreign goods
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?
- Currency exchange
- Domestic trade
- Foreign trade (correct)
- Investments
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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According to mercantilism, what would a country achieve by maintaining a trade surplus?
According to mercantilism, what would a country achieve by maintaining a trade surplus?
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