According to the economic theory of mercantilism, what should a country´s primary goal be?

Question

Question

Answer 1

Answer #1

Ans) According to mercantilism, the country's primary goal is promoting exports to enlarge gold and silver holdings.

Answer 2

Similar Homework Help Questions

According to economic theory, what should happen to the price of pharmaceuticals as insurance cop...

According to economic theory, what should happen to the price of pharmaceuticals as insurance copays decline?
What is the difference between benign mercantilism and malevolent mercantilism in theory? How could you tell...

What is the difference between benign mercantilism and malevolent mercantilism in theory? How could you tell the difference between them in practice?
Which economic theory best explains current international trade and why? a) Mercantilism b) Absolute Advantage c)...

Which economic theory best explains current international trade and why? a) Mercantilism b) Absolute Advantage c) Comparative advantage d) Factors Proportions Theory e) International Product Life Cycle f) Porter's Theory of National Competitive

Question 19 According to the Theory of Constraints, the primary goal of a for-profit organization is...

Question 19 According to the Theory of Constraints, the primary goal of a for-profit organization is to: Increase market share and improve customer satisfaction Increase T while reducing OE and I&I Increase T. OE and I&I Increase production volume and employee satisfaction Increase T and I&I while reducing OE Question 18 The steps in Goldratt's Theory of Constraints problem solving approach include: (A): Identify and exploit the system constraint (B): Identify and remove the system constraint © (C): Subordinate everything...
what is the primary driver of business cycles according to monetary theory ?

what is the primary driver of business cycles according to monetary theory ?
Question 49 1 pts Assume a country is running a trade deficit. According to economic theory...

Question 49 1 pts Assume a country is running a trade deficit. According to economic theory how would a depreciation of that country's currency affect its (negative) trade balance? o it would become more negative O it would almost instantly become positive o there would be no impact because exchange rates & trade balance are unrelated o it would become less negative

. Trade theories have evolved since the initial ideas that developed mercantilism in the 1500s. Use...

. Trade theories have evolved since the initial ideas that developed mercantilism in the 1500s. Use modern trade theory to explain the successful transformation of South Korea from a poor agrarian economy in the early 1960s to an OECD country by the mid-1990s. Which of the modern trade theories best describes the transformation? Provide at least 5 specific actions in the 1960's and 1970's that led to South Korea's successful economic transformation.
What should be the top economic goal for Canada and why

What should be the top economic goal for Canada and why
8) According to Professor Lewis what is the central problem of economic growth theory?

8) According to Professor Lewis what is the central problem of economic growth theory?

What should be the top economic goal for Alberta for Canada and for US? Are they...

What should be the top economic goal for Alberta for Canada and for US? Are they same for each location why or why not ? How they measured or how do the locations currently stand in regards to that goal.