Question
Under this economic model a country strives to create a favorable balance of trade, in which the value of its exports is greater than the value of its imports.
Responses
A capitalismcapitalism
B colonialismcolonialism
C imperialismimperialism
D mercantilism
Responses
A capitalismcapitalism
B colonialismcolonialism
C imperialismimperialism
D mercantilism
Answers
GPT-4o mini
The correct answer is:
D. mercantilism
Mercantilism is an economic theory that emphasizes the importance of a favorable balance of trade, typically by encouraging exports and limiting imports to enhance national wealth.
D. mercantilism
Mercantilism is an economic theory that emphasizes the importance of a favorable balance of trade, typically by encouraging exports and limiting imports to enhance national wealth.