Mercantilism Held That

question 133

Multiple Choice

Mercantilism held that

• A)silver alone was the mainstay of national wealth.
• B)gold alone was the mainstay of national wealth.
• C)silver and gold were the mainstays of national wealth.
• D)silver and gold are not important for national wealth of a country.
• E)labor forces were the mainstay of national wealth.

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Definitions:

Delta Airlines

A major American airline that operates extensive domestic and international flights, known for its wide network and service.

Margin

The difference between the selling price of a product or service and the cost of its production or acquisition, indicating the profit.

Economic Activity

Economic activity refers to the actions that involve the production, distribution, and consumption of goods and services within an economy.

Marginal Analysis

An examination of the benefits and costs of increasing or decreasing a unit of production or consumption.