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The Second Policy of Mercantilists Is to Extract Trade Gains

question 40

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The second policy of mercantilists is to extract trade gains from foreigners through regulations and controls so as to achieve a surplus in the balance of trade through maximizing exports.


Definitions:

Port Of Charleston

A significant seaport in Charleston, South Carolina, with a rich history of trade, immigration, and military strategic importance in the United States.

Natural Rights

Rights that individuals are born with, which are not contingent upon laws, customs, or beliefs, often including the right to life, liberty, and property.

American Revolution

The period (1765-1783) during which thirteen of Britain's North American colonies successfully fought for their independence to become the United States of America.

Thomas Jefferson

The third President of the United States (1801-1809), principal author of the Declaration of Independence, and a founder of the Democratic-Republican Party.

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