Mercantilism Aimed First of All to

question 5

Multiple Choice

Mercantilism aimed first of all to

• A) secure financial rewards for the entrepreneurs.
• B) allow the impoverished a chance to rise in society.
• C) bring maximum income to the royal throne.
• D) secure a favorable balance of foreign trade.
• E) develop a wide range of products for export.

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Definitions:

Quantity Demanded

The amount of a good that buyers are willing and able to purchase.

Loanable Funds

The market where savers supply funds for loans to borrowers, influencing interest rates through the forces of supply and demand.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Interest Rate

The segment of a loan applied as interest for the borrower, customarily shown as an annual percentage of the current loan outstanding.