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.

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Definitions:

Common Stockholders' Equity

The portion of a company's equity that is attributable to common stock owners, calculated as total equity minus preferred stock equity.

Prior Period Adjustments

Corrections made to a company's financial statements for errors or omissions in previously reported periods.

Revaluation Surplus

The increase in value of an asset, reflected in the company's financial statements, from re-assessing its carrying value to a higher current market value.

Treasury Stock

Shares that were issued and then repurchased by the issuing company, reducing the amount of outstanding stock on the open market.