Mercantilists,both ancient and modern,believe that a country's gains from trade arise primarily from having

Question

Quizplus · Accepted Answer

Mercantilists believe that a country's gains from trade come from exporting more than importing, as this leads to a surplus of foreign currency and a positive balance of trade. They often prioritize policies that promote exports and restrict imports, aiming to accumulate wealth in the form of gold and silver reserves. Therefore, the correct answer is E: exports exceed imports.

Mercantilists,both Ancient and Modern,believe That a Country's Gains from Trade