The term mercantilism refers to
A) the economic theory that all economic indicators are based upon supply and demand.
B) the relationship between a country's imports and exports; in favorable balance, the value of exports exceeds imports.
C) the principle of taking in less than you are exporting to continue to reach profitability margins.
D) an economic theory that measures a country's wealth by its stock of precious metals, accrued through a favorable balance of trade.
E) an economic theory based on a country's ability to be self sufficient for raw materials to succeed.
D
You might also like to view...
During President Woodrow Wilson's first term, Congress did NOT
A) order the racial integration of the federal bureaucracy. B) initiate the income tax. C) lower tariff rates. D) reform the national banking system.
The major issue of conflict between English-speaking Americans who settled in Texas and the Mexican government involved
a. religion. b. slavery. c. political representation. d. allegiance to the Mexican government. e. suffrage.
What was the goal of the Young Turks for the Ottoman Empire?
a. secularization b. modernization c. Turkish nationalism d. closer ties to the West e. All of these choices
In the 1912 presidential election results,
A. Eugene Debs offered his electoral votes to Theodore Roosevelt. B. Theodore Roosevelt finished third in the popular vote. C. Woodrow Wilson won only a plurality of the popular vote. D. President William H. Taft came in last of the four major candidates. E. Theodore Roosevelt won the popular vote but lost the electoral college.