The Main Tenet of Mercantilism Is That It Is in a Country's

question 83

Multiple Choice

The main tenet of mercantilism is that it is in a country's best interests to

• A) maintain a trade deficit.
• B) maintain a trade surplus.
• C) import goods made from products that it does not have in abundance.
• D) import more than it exports.

---

Definitions:

Preferred Solution

A desired outcome or choice from among a set of alternatives in decision-making or problem-solving.

Concessions

Compromises or allowances made by one party in a negotiation, often to achieve a mutual agreement or understanding.

Expanding The Pie

A negotiation strategy aimed at finding solutions that allow all parties to gain more than they initially anticipated.

Preconceptions

Pre-existing opinions, biases, or ideas about something or someone before actual experience or knowledge.