Which of the Following Statements About Mercantilism Are True

question 168

Multiple Choice

Which of the following statements about mercantilism are true?

• A) Trade deficits were to be avoided at all costs.
• B) Accumulation of wealth depended on increasing a nation's trade surplus, not necessarily expanding its total value or volume of trade.
• C) Acquire less-developed colonies to serve as a source of inexpensive raw material and as markets for higher-priced finished goods.
• D) All of the above.

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