What Was the Central Priority of Mercantilism, a Commercial Policy

question 16

Multiple Choice

What was the central priority of mercantilism, a commercial policy adopted by both the French and English in the seventeenth century?

• A) Only working with licensed merchants
• B) Trading as many goods as the market would bear
• C) Maintaining a favorable trade balance
• D) Getting the highest price for one's goods on the market

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Definitions:

Externality

A side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in market prices.

National Defense

Governmental and military actions and policies aimed at protecting a country from external aggression, threats, and maintaining national security.

Patented Invention

A unique product or process that has been legally protected by a patent to give its inventor exclusive rights to use, make, or sell it for a certain period of time.

Tornado Siren

A warning system used in many communities to alert citizens about the imminent danger of a tornado.