The view of mercantilists can be summarized as follows
A)to sell less to strangers yearly than we consume of theirs in value.
B)to sell more to strangers yearly than we consume of theirs in value.
C)to consume more of theirs in value than we sell to strangers.
D)to consume the same amount as theirs in value as we sell to strangers.
E)to sell gold and silver to strangers in exchange for services.

Question

Quizplus · Accepted Answer

The view of mercantilists was that a country should aim to sell more to foreigners than it imports from them, in order to accumulate wealth in the form of a surplus of gold and silver. This approach was known as a favorable balance of trade, and it was seen as essential for a country's economic prosperity and power. Option A and C are opposite to the mercantilist viewpoint while option D is neutral in that regard. Option E refers to the sale of gold and silver, which was important to mercantilists but not the only factor.

The View of Mercantilists Can Be Summarized as Follows