Ask Question
BusinessBusiness
16 April, 03:04

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.

+3
Answers (1)
  1. 16 April, 06:10
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You estimate a selling price of about $335 for the Carnaby Street mini-dress and $285 for the rock star ensemble. Profit for the mini-dress is 43 percent and 36 percent for the ensemble.
Answers (1)
Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,300 units at $6 July 21 Purchase 3,000 units at $7 Nov.
Answers (1)
A large firm in the newspaper industry employs 250 people, of which 32 are upper-level managers. As a result of this employee-to-manager ratio, the firm experiences 12.8% reduced productivity.
Answers (1)
You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game? raise your price to $150 lower your price to $75 keep the price at $100
Answers (1)
It is hard to determine if the bank's Web site is secure.
Answers (1)
New Questions in Business
Both the straight-line method and the effective-interest method of amortization will always result in: a. the same amount of interest expense being recognized each year. b.
Answers (1)
Which of the following statements is true of theories in economics? Theories in economics A. are used to construct models from which quantitative predictions can be made. B.
Answers (1)
Reducing (and sometimes eliminating) the size of engineering staffs has become a recent trend among airlines since they are no longer as involved with the design of new aircraft. A. True B. False
Answers (1)
Ashton Bank knows that its customer, Juan, has died. One day after Juan's death, Ashton Bank was presented a check for clearing of $3,000. The check was written by Juan a week prior to his death to Bailey Enterprises.
Answers (1)
Which of the following may be true for a company pursuing a strategy of unrelated diversification rather than a strategy of related diversification? a. The company has to achieve coordination between business units. b.
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?