A Mercantilist policymaker would be in favor of which of the following policies orEvents pertaining to his/her country?
A) a decrease in the size of the population
B) a minimum wage bill to protect the standard of living of workers
C) a prohibition on the export of manufactured goods
D) an increase in the percentage of factors of production devoted to adding value to Imported raw materials in order to later export the resulting manufactured goods.

Question

Quizplus · Accepted Answer

A Mercantilist policymaker would prioritize increasing exports and accumulating wealth for their country. Therefore, increasing the percentage of factors of production devoted to adding value to imported raw materials in order to later export the resulting manufactured goods would align with their goals. Options A and B do not directly relate to mercantilist policies, and option C would result in a decrease in exports and potential loss of revenue.

A Mercantilist Policymaker Would Be in Favor of Which of the Following