Multiple choice

According to mercantilism, how could a nation maintain a favorable balance of trade?

  1. Import more than export

  2. Export more than import

  3. Import and export the same

  4. Avoid foreign trade

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A favorable balance of trade occurs when a nation exports more goods than it imports, ensuring that more wealth flows into the country than out of it.