Question

Which of the following is in a country's best interests, according to the main tenet of mercantilism? A. importing products from developing rather than developed countriesB. importing products even if they are efficiently produced at homeC. importing less specialized goods rather than attempting to make them at homeD. minimizing exports and maximizing imports

Answer 1

Answer:

A) importing products from developing rather than developed countries

Explanation:

Mercantilism asserts that countries should simultaneously encourage exports and discourage imports. Therefore, it is in a country's best interest to maintain a trade surplus, i.e. have more exports than imports. Mercantilism believes that governments should intervene the markets in order to achieve a trade surplus.

Mercantilism tries to take advantage of other countries, and it always easier to take advantage on poorer or developing countries, rather than richer developed countries.