The Principle of Mercantilism Encouraged Nations to Keep Economics Separate

question 38

True/False

The principle of mercantilism encouraged nations to keep economics separate from politics.
Mercantilism resulted in tariffs,which basically are taxes on imports,thus making imported goods more expensive to buy.This helps to achieve the economic goal of a favorable balance of trade.

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Definitions:

Solicited Sales Message

A promotional message or advertisement requested by the recipient, often as a follow-up to an initial inquiry.

Memo

A written document used in an organization to communicate internal messages or information.

Central Selling Point

A unique feature or benefit of a product or service that is emphasized to attract and convince potential customers.

Immediate, Personal Service

Prompt and individualized assistance tailored to meet specific needs of customers.