Advocates of "Mercantilism" Argued for All of the Following Except

question 76

Multiple Choice

Advocates of "mercantilism" argued for all of the following except

• A)governments should abstain from any involvement in the economy.
• B)a nation prosperity depended upon a plentiful supply of bullion (gold and silver).
• C)exports must exceed imports.
• D)tariffs should be place on foreign goods.
• E)governments should improve transportation facilities and grant trade monopolies to businesses.

---

Definitions:

Minor Issues

Small problems or concerns that are not considered significant.

Reciprocating Concessions

The negotiation strategy of making concessions to the other party who in turn makes concessions to you, fostering cooperation and compromises.

Calculated Incompetence

A strategic behavior where an individual pretends or exaggerates their inability to perform a task in order to avoid responsibility.

Committed Position

A committed position is a firm stance taken by a negotiator, indicating a non-negotiable point or a very strong preference.