What name is given to an economic system that relies on protected markets and trade monopolies within the market?
A) free trade
B) closed borders
C) capitalist
D) merchantilist

Question

Quizplus · Accepted Answer

The economic system that relies on protected markets and trade monopolies is called mercantilism. Free trade is the opposite of mercantilism and involves minimal government intervention in trade. Closed borders and capitalism are not directly related to protected markets and trade monopolies.

What Name Is Given to an Economic System That Relies