Listening audioscript

THE STUDENTS DISCUSS SEVERAL POSSIBLE SOLUTIONS TO THE
WOMAN’S PROBLEM. EXPLAIN THE PROBLEM. THEN STATE WHICH OF 
THE SOLUTIONS TO THE PROBLEM YOU THINK IS BEST AND WHY. 
Page 503
[ track 248-249]
Question 6
. Listen to the passage.
(Professor)
Today, I’ll be discussing the economic policy known as mercantilism. 
Mercantilism. Do you understand this word? It sounds kind of like the 
word “merchant,” and it’s related in meaning to the word “merchant.” 
Mercantilism is an economic policy of nations based on developing 
international business, a policy dedicated to encouraging business 
production and to encouraging trade between nations. 
Mercantilism was the overriding economic policy of major trading nations 
for almost two centuries, from the last part of the sixteenth century 
through the beginning of the eighteenth century, or from the 1580s 

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LPREP IBT 3 E AS 
FINAL 11/22/14
11/22/14 
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through the 1720s. The goal of mercantilism wasn’t simply to emphasize 
business or induce trade with other nations; and the goal of a mercantilist 
society wasn’t merely to achieve a balance of trade, that is, for each 
nation to try to balance its imports and exports. Instead, each mercantilist 
nation was dedicated to amassing national wealth, and to do this each 
nation needed to export more than it imported. Any goods that were 
exported over and above the amount of goods that were imported would 
be paid for in gold. It was this amassing of gold in payment for exports in 
excess of imports that allowed a nation to build wealth, often of course at 
the expense of its trading partners. 
 
Now answer the following question. You have 20 seconds to prepare an answer 
and 60 seconds to give your spoken response.