Which of the following statements is true of mercantilism?
A) It does not force the capital assets of a country to enter an economy.
B) It does not include export subsidies or import restraints.
C) One of its primary objectives was to generate funds to support the military.
D) The original form of mercantilism emphasized running trade surpluses to fund rapid economic development.

Question

Quizplus · Accepted Answer

Mercantilism, a dominant economic theory in Europe from the 16th to the 18th century, aimed at increasing a nation's wealth by imposing government regulation concerning all of the nation's commercial interests. It was characterized by the belief that a country's power depended on its wealth, particularly its gold and silver reserves. One of the primary objectives of mercantilism was indeed to generate funds to support the military, as a strong military was considered essential for defending and expanding a country's trade networks and colonial possessions.

Which of the Following Statements Is True of Mercantilism