The main tenet of mercantilism was that it was in a country’s best int

QUESTION

The main tenet of mercantilism was that it was in a country’s best interests to maintain a trade surplus.

Indicate whether the statement is true or false.

ANSWER

TRUE
The main tenet of mercantilism was that it was in a country’s best interests to maintain a trade surplus (to export more than it imported), thereby accumulating gold and silver and, consequently, increasing its national wealth, prestige, and power.