The U.S. and China continue to spar over sociocultural issues, such as human rights, and economic and financial issues, such as the value of the Chinese yuan against the U.S. dollar. U.S. diplomats assert that these differences continue to bolster China's favorable balance of trade and increase the U.S. trade deficit. The trade protectionist policy exhibited by the Chinese is similar to an economic policy known as ________ that was followed during the seventeenth and eighteenth centuries. This policy resulted in a flow of money to the country that sold the most globally.
A) trade embargoing
B) countertrading
C) profiteering
D) mercantilism

Question

The U.S. and China continue to spar over sociocultural issues, such as human rights, and economic and financial issues, such as the value of the Chinese yuan against the U.S. dollar. U.S. diplomats assert that these differences continue to bolster China's favorable balance of trade and increase the U.S. trade deficit. The trade protectionist policy exhibited by the Chinese is similar to an economic policy known as ________ that was followed during the seventeenth and eighteenth centuries. This policy resulted in a flow of money to the country that sold the most globally.
A) trade embargoing
B) countertrading
C) profiteering
D) mercantilism

Quizplus · Accepted Answer

Mercantilism is a trade policy first practiced in the seventeenth century that increased trade protectionism and encouraged nations to import fewer goods than they exported. Nations focused on strategies to this end.

The US and China Continue to Spar Over Sociocultural Issues, Such as as Human