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What was the most important principle of mercantilism?
The most important principle of mercantilism was to export more than you import when running a nation.
What is Ecuador most important export crop?
banana's are Ecuadors primary export crop.
What is Venezuelas most important export?
sugar
What status allows countries to export goods to the US under favorable terms?
Most favored nation
Will a nation tend to export or import goods which it has a comparative advantage?
A nation will export goods for which it has a comparative advantage. By exporting goods, it has the comparative advantage because it means they have a lower opportunity cost for producing the good. A country can produce it well and can produce most likely a lot of it.
What was the most important principle of mercantilism?
The most important principle of mercantilism was to export more than you import when running a nation.
What African nation was most important in ancient world?
Egypt.
What was the most important way the transatlantic slave trade affected the African nation?
The old African empires crumbled due to warring.
What is the number one export of the middle east?
Oil and natural gas are the most important exports of the Middle East. Oil is considered the most important export for many countries. Saudi Arabia is the largest Opec exporting nation. They produce 9.9 billion barrels per year.
What is Romania's main export?
Textiles is the most important product for export.
What was the most important export?
The most important colonial export was cash crops. This was mainly in form of corn and tobacco which supported the economy of most colonies.
What resources do African nations export to the world?
African nations export oil, cotton, diamonds, coffee, cocoa, animals, copper, bauxite, uranium, iron, seafood,and tobacco. The most famous export is diamonds.
What was India's most important export?
Spices
What is Ecuador most important export crop?
banana's are Ecuadors primary export crop.
What is Egypt's most important export crop?
cotton
What is the most important export in Greece?
the clothing and toys
What is the most important export of Andalucia?
Olive Oil :)
