Which of the Following Characterizes Mercantilist Governmental Policies

question 12

Multiple Choice

Which of the following characterizes mercantilist governmental policies?

• A) They advocated that governments should not interfere in the local economy.
• B) They suggested that a nation should be materially rich with more trade imports than exports.
• C) They argued that manufactured goods should be produced inexpensively by local colonial labor.
• D) They suggested that a nation's international power was based on its wealth, especially its gold supply.

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Definitions:

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjuries.

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment in the partnership and does not actively manage the business.

Sue

A legal action where an individual or entity brings a lawsuit against another in a court of law.

Certificate of Limited Partnership

A legal document that formalizes the establishment of a limited partnership and outlines its terms.