Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports > imports. c. exports < imports. d. To import nothing from the colo…

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asked Oct 21, 2021 195k views

1 Answer

Ismnoiet · Answer 1 · 2021-10-27T16:53:26+0000

Answer:

b. exports > imports.

Step-by-step explanation:

Note that when a country's exports are less than imports of the country that is a case of unfavorable balance of trade.

So Mercantilists often aim to see excess of exports over imports which they believe means added income (exports) and less of expenditure ( imports).

Remember the balance of trade (BOT) looks at foreign exchange between countries.