Which of the Following Is the Main Principle of Mercantilism

question 8

Multiple Choice

Which of the following is the main principle of mercantilism?

• A) Protection of domestic industries is not essential for a nation's welfare.
• B) Government intervention is not required in global trade.
• C) Countries should encourage absolute free trade.
• D) It is in a country's best interests to maintain a trade surplus.

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Definitions:

Communication

The process of exchanging information, ideas, and messages through various means, such as verbal, non-verbal, written, and digital channels.

Concealed Transaction

A financial or business exchange that is intentionally hidden or kept secret from relevant parties.

Complicating Factor

An element or condition that introduces difficulty, complexity, or an obstacle to resolving an issue or achieving a goal.

Cross-Cultural Communication

The process of recognizing and understanding the differences and similarities in communication styles across different cultures to enhance interaction.