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Q:

Mercantilism was the principle that

A) Wealth is created in business relations B) The goal is an active trade balance of trade
C) To serve protectionism, government subsidies and the issue of protective tariffs D) All of the above

Answer:   D) All of the above



Explanation:

Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.

 

The main principles of mercantilism:

• the country's wealth is determined by the amount of precious metals in the country,

• Wealth is created in business relations (International Trade)

• The goal is an active trade balance of trade,

• to serve protectionism, government subsidies and the issue of protective tariffs.

Subject: World History
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