Answer:
I reject it
Explanation:
The main purpose of Mercantilism is to maximize the exports of products made in one country while minimizing the imports at the same time. This is a very efficient method for a country to accumulate wealth.
But, this practice was what leading to the colonization period.
IN order to minimize import, European countries at that time attack and colonize smaller countries. They extract the resources from them and use it to sustain their own economy. Even though this made European countries gained wealth, it caused a massive economic destruction to the area they colonized.
High demand for it thus it produced high profit
Answer: Diamond producer restrict diamond quantity supply to certain limit in market
Explanation:
Diamond is a precious gem stone that used for making jewelry pieces and other related items.It is also used for making diamond ring but there is scarcity of it in market as it is an expensive thing and many people are ready for paying lot of amount for it .Thus, producer of diamond limit its supply quantity in market
Other options are incorrect because diamonds are not less common in market than other gems, demand is not extensively high in market and neither it faces monopolistic competition.
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I think that the question is:
Which of the following would serve as support for this assertion? and apart from the first sentence, those are options.
and the answer is: both of the above. One sentence lists the benefits for the team and the other for the company.
