Ask Question
BusinessBusiness
4 October, 19:45

Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports > imports. c. exports < imports. d. To import nothing from the colonies.

+4
Answers (1)
  1. 4 October, 19:59
    0
    b. exports > imports.

    Explanation:

    Note that when a country's exports are less than imports of the country that is a case of unfavorable balance of trade.

    So Mercantilists often aim to see excess of exports over imports which they believe means added income (exports) and less of expenditure (imports).

    Remember the balance of trade (BOT) looks at foreign exchange between countries.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports > imports. c. exports < imports. d. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When a company bills a customer for $700 for services rendered, the journal entry to record this transaction will include a $700 debit to services revenue?
Answers (1)
Measuring the price of gasoline in dollars per quart, an economist calculates the price elasticity of demand to be 1. What would the price elasticity of demand be if the economist had chosen to measure the price in dollars per gallon?
Answers (1)
Which of the following statements supports multiple sourcing: - an ongoing long-term contract exists with a preferred supplier. - supply is plentiful and supply assurance is important. - there is a patent involved. - the order is small.
Answers (1)
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage? O A. Government mortgages are easier to get approved than conventional mortgages. O B.
Answers (1)
Situation in which one business without competition controls a service or product
Answers (1)
New Questions in Business
Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has identified eight activity cost pools.
Answers (1)
Compute the 2019 Federal income tax liability and the marginal and effective tax rates in each of the following independent cases. Click here to access the 2019 tax rate schedule. If required, round the tax liability the nearest dollar.
Answers (1)
For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio is less than the weighted average of the betas of the individual stocks. b.
Answers (1)
What publication can give you an idea of how administrative jobs are going to change in the future? A: Office Pro B: Occupational Outlook Handbook C: From 9 to 5 D: The Executary
Answers (1)
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Home » Business » Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports > imports. c. exports < imports. d. To import nothing from the colonies.
Sign Up Forgot Password?