Mercantilist Theory Posited That a Nation Should Acquire as Much

question 28

Multiple Choice

Mercantilist theory posited that a nation should acquire as much ____ as possible.

• A)gold
• B)land
• C)grain
• D)cotton
• E)coal

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Definitions:

Kenichi Ohmae

Kenichi Ohmae is a Japanese organizational theorist, consultant, and the author of several books on business strategy renowned for his work on global strategy and the "borderless world."

Capital Flows

Movements of money for the purpose of investment, trade, or business production across international borders.

Inflationary Recessions

Periods characterized by rising prices (inflation) occurring simultaneously with a decline in economic activity and employment (recession).

Monetary

Pertaining to currency or money, including policies, management, and the overall financial system that regulates money supply and interest rates in an economy.