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A country must import more goods than it exports to maximize profits
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What best support the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What best describes the theory of the mercantilism?
export more goods than are imported.
What statement best describes the theory of mercantilism?
export more goods than are imported.
Best theory that supports mercantilism?
The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
What statemet best supports the theory of mercantilsim?
The statement that best supports the theory of mercantilism is that a nation's wealth and power are best served by increasing exports and accumulating precious metals, such as gold and silver. Mercantilism emphasizes the importance of a favorable balance of trade, where exports exceed imports, thereby boosting national wealth. This economic theory prioritizes state intervention and regulation to promote domestic industries and protect national interests.
What statements best exemplifies conflict theory?
Society is composed of interrelated parts that work to maintain society's cohesion
Described the theory of mercantilism?
Mercantilism is an economic theory that emerged in the late Middle Ages and dominated European thought from the 16th to the 18th century. It posits that a nation's wealth and power are best served by increasing exports and accumulating precious metals, such as gold and silver. Under this theory, governments actively regulate the economy through protectionist policies, such as tariffs and subsidies, to enhance national self-sufficiency and minimize imports. Ultimately, mercantilism emphasizes the importance of a favorable balance of trade as a means to achieve national prosperity.
Which of these statements best describes the drive-reduction theory?
According to this theory, humans are motivated by either a primary or secondary drive that needs to be satisfied to re-establish homeostasis.
What statement best describes the theory of marcantilism?
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that promoted government intervention in the economy to increase a nation's wealth through exporting more than importing, accumulating gold and silver, and maintaining a favorable balance of trade. It emphasized protectionist policies like tariffs and subsidies to support domestic industries and create a strong, self-sufficient economy.
Which was one of the basic principles of mercantilism?
One of the basic principles of mercantilism was the belief that a nation's wealth and power were best served by increasing exports and accumulating precious metals, such as gold and silver. This economic theory emphasized a positive balance of trade, where countries sought to export more than they imported. Additionally, mercantilism encouraged government intervention in the economy to promote national interests and protect domestic industries.
