Countries Did All of the Following to Implement Mercantilism EXCEPT

question 92

Multiple Choice

Countries did all of the following to implement mercantilism EXCEPT ________.

• A) enhanced trade deficits
• B) government intervention
• C) colonization
• D) maintained trade surpluses

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Definitions:

Efficient

A state of productivity in which resources are used in the most cost-effective way without waste, achieving the highest possible output from a given input.

Equitable

Characterized by fairness or impartiality; just and right in considering the rights and responsibilities of all parties involved.

Efficiency

The extent to which resources are used optimally to achieve the desired output, often maximizing productivity while minimizing waste.

Output Market

A marketplace in which finished goods and services are traded, involving businesses selling to consumers or other businesses.