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What statement best describes the theory of mercantilism?
export more goods than are imported.
What statement best describes the concept of mercantilism?
Controlling trade is a key to increasing power.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What statement best describes the theory of mercantilism?
export more goods than are imported.
What best describes the theory of the mercantilism?
export more goods than are imported.
What statement best describes the concept of mercantilism?
Controlling trade is a key to increasing power.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What was the Economic theory that supported colonialism?
Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
What statement describes mercantilism?
Mercantilism is an economic theory that emphasizes the importance of government regulation in promoting national power and wealth. It advocates for a positive balance of trade, where a country exports more than it imports, and encourages the accumulation of precious metals, such as gold and silver. Mercantilist policies often involve protectionist measures, including tariffs and subsidies, to support domestic industries and limit foreign competition. Overall, mercantilism views economic activity primarily as a means to enhance national strength.
What term describes a country's desire to accumulate gold?
Mercantilism
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.
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.
