Why did the Mercantilists consider holdings of precious metals so important to nation-state building?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

See More Books

Question Posted: Dec 02, 2015 04:18 AM

See More Questions

Why do precious stones appeal to investors?
Why is discipline so very important in organizations?
Why was home building such an important factor in this crisis?
You have recently been appointed as assistant to the financial controller of Chaffinch plc, a manufacturing company. He has asked you to help with the finalisation of the financial statements for the...
Swiss Legend, a watch brand, gets famous people to wear its colorful timepieces. One way it does this is to give away its product at awards shows. Publicists call this common practice gifting the...
The masses of a type of insect are normally distributed with a mean of 0.38 g and a standard deviation of 0.09 g. What is the probability that a given insect has mass less than 0.40 g? Using a table...
In a recent study on risk factors for strokes, the American Heart Association (AHA) collected data on age, systolic blood pressure, diastolic blood pressure, and risk of stroke; risk is interpreted...
Coleman and Rizzuto, architects, have been using a simplified costing system in which all professional labor costs are included in a single direct cost category, professional labor; and all over head...
Under its plan of liquidation, Better Corp will distribute all of its assets to its sole shareholder, Barry. The assets have a FMV of $50,000 and an adjusted basis of $14,000. Barry's basis in Corp...
Jeff Harris owns an appliance store. On January 1 he borrowed 50,000 dollars for improvements to the store from BBT, who took a security interest in all of the equipment and fixtures in the store. On...
How does time affect your financial plan?
Suppose that, in the context of the price-specie-flow mechanism, Switzerland currently exports 5,000 units of goods to Spain, with each export unit having a price of 100 Swiss francs. Hence,...
Shalie Manufacturing makes several thousand different metal products, including building materials, tools, and furniture parts. The manager of the furniture parts division has proposed that his...
Edwin Taylor Corporation was retained to construct shells for five three-story condominiums. Paul Barros and Bronson Ostrander were superintendents of the building site. Jay Zimmerman managed them....
Digital, Inc., makes supercomputers that feature advanced technology. To inhibit Digitals export of its products to other countries, Congress can a. confiscate all profits on exported supercomputers....
The Environmental Protection Agency (EPA) publishes notice of a proposed rule. When comments are received about the rule, the EPA must respond to a. all of the comments. b. any significant comments...
Kenya issues bonds to finance the construction of an international airport. Kenya sells some of the bonds in the United States to Larry. A terrorist group destroys the airport, and Kenya refuses to...
In 2002 the United States imposed tariffs on steel imports, which are an input in a large number and variety of U.S. industries. Explain why political lobbying to eliminate these tariffs is more...
Problems 94103 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Factor...
A firm offers two products for sale. The marginal cost of one product is new zero once the first unit has been produced. The marginal cost of the other product rises as output rises. What would be...
Canada and Australia are (mainly) English-speaking countries with populations that are not too different in size (Canadas is 60 percent larger). But Canadian trade is twice as large, relative to GDP,...
Mexico and Brazil have very different trading patterns. While Mexico trades mainly with the United States, Brazil trades about equally with the United States and with the European Union. In addition,...
Equation says that trade between any two countries is proportional to the product of their GDPs. Does this mean that if the GDP of every country in the world doubled, world trade would quadruple? Tij...
A child is swinging a 330-g ball at the end of a 66.0-cm-long string in a vertical circle. The string can withstand a tension of 11.0 N before breaking. (a) What is the tension in the string when the...
A steel cable that weighs 8 lb/ft is used to pull a 500 lb block of concrete from the ground to the top of a 120 ft tall building. Let x be the distance, in feet, from the block to the TOP of the...
Three metal fishing weights, each with a mass of 1.00102 g and at a temperature of 100.0C, are placed in 1.00102 g of water at 35.0C. The final temperature of the mixture is 45.0C. What is the...

Why did the Mercantilists consider holdings of precious metals so important to nation-state building?

Question:

Step by Step Answer:

Wealth was viewed as synonymous with holdings of precious metals Nationstat...View the full answer

International Economics

Students also viewed these Economics questions