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Q:
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:
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.