A mercantilist approach to trade argues that a country should Multiple Choice promote exports over imports...

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Question

A mercantilist approach to trade argues that a country should Multiple Choice promote exports over imports...

A mercantilist approach to trade argues that a country should

Multiple Choice

promote exports over imports because trade is a zero-sum activity.
pursue free trade because trade is a zero-sum activity.
prohibit all exports because trade is a zero-sum activity.
promote imports over exports because trade is a zero-sum activity.

business economics

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Answer 1

Answer #1

If we talk in simple terms then mercantilist approach generally used to promote more export as compared to import because here the government try to protect the domestic industry at the cost of export as the trade is a zero sum activity

Government focuses on more production by domestic industries so that it can boost more export and welfare for the economy overall

But it doesn't mean that the government is involved in free trade

So the only correct answer is option A

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Answer 2

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A mercantilist approach to trade argues that a country should Multiple Choice promote exports over imports...

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