True/False
In mercantilism, a trade surplus meant that a country was taking in more gold on the sale of its exports than it was paying out for its imports.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: What is the Leontief Paradox? Explain why
Q42: According to mercantilism, accumulation of wealth depended
Q43: The value of North American exports to
Q44: Compare and contrast the theories of absolute
Q45: Scenario: Foodland and Drinkland<br>Two countries, Foodland and
Q47: The purchase, sale, or exchange of goods
Q48: Most of the world merchandise trade is
Q49: The level of _ between certain pairs
Q50: The purchase, sale or exchange of goods
Q51: Countries seen by others as trying to