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What else can I help you with?
When governments seek favorable trade balance they want?
to export more than they import #novanet
How did Great Britain seek to correct its balance of trade with China?
selling opium
How does a country become rich under mercantilism?
Under mercantilism, a country becomes rich by maximizing its exports while minimizing imports, thereby accumulating wealth through a favorable balance of trade. Governments actively support domestic industries and impose tariffs on foreign goods to protect local businesses. Additionally, they seek to acquire colonies to access raw materials and expand markets for their manufactured goods. This strategic focus on self-sufficiency and resource control helps build national wealth.
How did Britain seek to correct it's balance of trade with China?
selling opium
What does the expression grandstanding mean?
To seek to attract applause or favorable attention.
Why governments may wish to raise barriers to international trade?
Governments may raise barriers to international trade to protect domestic industries from foreign competition, thereby safeguarding jobs and promoting local economic growth. Additionally, they may seek to protect national security interests by restricting the import of certain goods. Trade barriers can also be used to respond to unfair trade practices or to address trade imbalances. Ultimately, these measures aim to enhance economic stability and protect consumer interests within their borders.
How did mercantilism effect the age of exploration?
Mercantilism significantly influenced the Age of Exploration by driving European nations to expand their territories and seek new trade routes. This economic theory emphasized the accumulation of wealth through a favorable balance of trade, prompting countries to establish colonies for resource extraction and markets for their goods. As nations competed for dominance, explorers ventured into uncharted territories, leading to the discovery of new lands and the establishment of global trade networks. Ultimately, mercantilism fueled both exploration and the subsequent exploitation of indigenous populations and resources.
Why do repressive governments seek to control transportation and communication?
to keep the population isolated from freer societies :)
Why do repressive governments seek control transportation and communication?
to keep the population isolated from freer societies :)
When negotiating economic policy what do U.S. diplomats usually seek to reduce?
Trade barriers
What products did the Portuguese merchants seek to trade from the East?
spaghetti
What is a word that means an article of trade?
The word you seek is 'commodity'.
