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

question 33

Multiple Choice

The main tenet of mercantilism was that it was in a country's best interest to maintain a:

• A)export and import trade balance
• B)an import trade embargo
• C)an export trade surplus
• D)an export trade deficit
• E)large reserve of gold

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Definitions:

False Positives

Instances in which a test incorrectly indicates the presence of a condition or attribute.

Critical Thinking

The process of purposeful, reflective judgment. Critical thinking manifests itself in giving reasoned and fair-minded consideration to evidence, conceptualizations, methods, contexts, and standards in order to decide what to believe or what to do.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Evidence

Information or facts that are used to support the validity of a statement or argument.