All of the Following Are True of Mercantilism Except That

question 12

Multiple Choice

All of the following are true of mercantilism except that it

• A)emphasized national self-sufficiency in manufactured goods.
• B)favored state control of trade.
• C)greatly damaged the French economy.
• D)was adopted by Colbert.
• E)relied on collecting specific information, which was used to create future economic policy.

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Definitions:

Accounts Receivable

Accounts receivable refers to the money owed to a company by its customers for goods or services delivered but not yet paid for, representing a line of credit from the company to the customer.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term health and efficiency of its operations.

Spontaneous Financing

Financing that arises naturally from the operations of a company, such as trade credit that increases as sales grow, without requiring explicit negotiation or arrangements.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency.