The emphasis upon export surpluses in mercantilist theory
A) is also called the "beggar-thy-neighbor policy" and a "favorable" balance of trade.
B) was thought to be a good thing by business people because it meant that more money was circulating and more money meant higher prices and brisk trade.
C) was thought to be a good thing by governments because it created brisk trade which yielded higher tax revenues than did slack trade.
D) is characterized by all of the above.

Question

Quizplus · Accepted Answer

The emphasis upon export surpluses in mercantilist theory is characterized by all of the above. It was favored by business people because more money was circulating and it was good for governments because it created brisk trade and yielded higher tax revenues, and it was also known as the "beggar-thy-neighbor policy" and a "favorable" balance of trade.

The Emphasis Upon Export Surpluses in Mercantilist Theory