What was the economic philosophy called that assumed that the world's wealth was fixed and one country could only increase its wealth at the expense of another?
A) Capitalism
B) Absolutism
C) Monetarism
D) Mercantilism

Question

Quizplus · Accepted Answer

This economic philosophy is called Mercantilism. Mercantilism assumed that the world's wealth was fixed and one country could only increase its wealth at the expense of another by exporting more goods than it imported and accumulating precious metals, such as gold and silver.

What Was the Economic Philosophy Called That Assumed That the World's