Mercantilist ideas
Not what you're looking for?
Are there circumstances when it is appropriate to employ mercantilist ideas to promote a favorable balance of trade?
Purchase this Solution
Solution Summary
A discussion on the use of mercantilist ideas for promoting a strong balance of trade.
Solution Preview
No, not according to most accepted economic perspectives (and Mercantilism is an archaic form of economics). Now, having said that, mercantilism can certainly get you a "favorable" balance of trade; where favorable is assumed to mean positive (more exports). This, in fact, is the primary mechanism of Mercantilism's heavy protectionism. A positive balance of trade would be secured by dictated tariffs or outright bans on imports. The goal was ...
Purchase this Solution
Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.