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.

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Hugo Gutierrez

Business

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.

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Xavier Jenkins · Answer 1

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.