Mercantilists wanted a favorable balance of trade, by which they meant
A) exports = imports.
B) exports imports.
C) exports
D) To import nothing from the colonies.

Question

Mercantilists wanted a favorable balance of trade, by which they meant
A) exports = imports.
B) exports > imports.
C) exports
D) To import nothing from the colonies.

Quizplus · Accepted Answer

Mercantilists aimed for a favorable balance of trade, meaning they wanted the value of exports to be greater than the value of imports. This was believed to increase a nation's wealth.

Mercantilists Wanted a Favorable Balance of Trade, by Which They