question 18\nhow did european mercantilists think about exports and imports?\na. they believed that imported…

question 18\nhow did european mercantilists think about exports and imports?\na. they believed that imported luxury goods gave them higher status, so they encouraged imports.\nb. they wanted to export goods in order to bring gold and silver into their country.\nc. they considered a strict balance between exports and imports to be essential.\nd. they valued their own products so highly that they banned most exports.

question 18\nhow did european mercantilists think about exports and imports?\na. they believed that imported luxury goods gave them higher status, so they encouraged imports.\nb. they wanted to export goods in order to bring gold and silver into their country.\nc. they considered a strict balance between exports and imports to be essential.\nd. they valued their own products so highly that they banned most exports.

Answer

Brief Explanations:

Mercantilism is an economic theory that emphasizes a nation's wealth through a positive balance of trade (exports > imports). Gold and silver were seen as the main forms of wealth. Exporting goods would lead to inflows of gold and silver (from foreign buyers), which was a key goal.

  • Option A: Mercantilists focused on national wealth (gold/silver) not individual status from luxury imports.
  • Option C: Mercantilists wanted exports > imports (not a strict balance).
  • Option D: Mercantilists promoted exports (not banned them) to get gold/silver.

Answer:

B. They wanted to export goods in order to bring gold and silver into their country.