The Emphasis Upon Export Surpluses in Mercantilist Theory

question 33

Multiple Choice

The emphasis upon export surpluses in mercantilist theory

• A) is also called the "beggar-thy-neighbor policy" and a "favorable" balance of trade.
• B) was thought to be a good thing by business people because it meant that more money was circulating and more money meant higher prices and brisk trade.
• C) was thought to be a good thing by governments because it created brisk trade which yielded higher tax revenues than did slack trade.
• D) is characterized by all of the above.

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Definitions:

Community

A group of interacting living organisms sharing a populated environment, typically considered within a specific geographical area.

Ecosystem

An ecosystem consists of living entities and their inanimate environmental elements, working together as a unified system.

Biosphere

All regions of Earth where organisms live.

Population

A community of identical species inhabitants coexisting and mating in a particular region.