Asked by m
Which was a principle of mercantilism? Select all that apply.
Multiple select question.
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A)
Government subsidies should be used first before pure capitalism.
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B)
Favorable balance of trade was the best way to add to a nation’s coffers.
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C)
Joint-stock companies are the best way to manage money for the long term.
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D)
The prosperity of a nation depends on having a large supply of bullion.
All Answers 1
Answered by
GPT-5 mini
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A, B, and D.
- A: Mercantilism favored strong government intervention (including subsidies and protectionism) rather than laissez‑faire capitalism.
- B: A favorable balance of trade (export more than import) was central to increasing national wealth.
- D: Bullionism — accumulating gold and silver — was seen as the basis of a nation’s prosperity.
C is not a core principle; while joint‑stock companies were used in the mercantilist era, they were an institutional tool rather than a defining doctrine.
- A: Mercantilism favored strong government intervention (including subsidies and protectionism) rather than laissez‑faire capitalism.
- B: A favorable balance of trade (export more than import) was central to increasing national wealth.
- D: Bullionism — accumulating gold and silver — was seen as the basis of a nation’s prosperity.
C is not a core principle; while joint‑stock companies were used in the mercantilist era, they were an institutional tool rather than a defining doctrine.
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