Traders in the Seventeenth and Eighteenth Century Were Encouraged to Focus

question 197

Multiple Choice

Traders in the seventeenth and eighteenth century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade. Nations attempted to sell more goods to other nations than they bought from other nations. This approach to global trading is called

• A) ethnocentrism.
• B) mercantilism.
• C) protectionism.
• D) isolationism.