Mercantilists identified national wealth with the size of a nation's reserves of precious metals.

Name: Mercantilists identified national wealth with the size of a nation's reserves of precious metals.
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Mercantilists believed that a nation's wealth was determined by its reserves of precious metals, such as gold and silver. Therefore, they promoted policies aimed at increasing a country's exports and decreasing its imports in order to accumulate more of these precious metals.

Mercantilists Identified National Wealth with the Size of a Nation's