Mercantilism is
A) the recognition by the state that all individuals have economic rights.
B) the belief in a completely free-market economy.
C) a government policy that protects trade in return for the accumulation of gold and silver.
D) the political doctrine that only people who produce economic wealth may vote.
E) another name for capitalism.

Question

Quizplus · Accepted Answer

Mercantilism is a government policy that emphasizes the accumulation of wealth, particularly gold and silver, through trade by protecting domestic industries and restricting imports. The focus is on exports and achieving a trade surplus, rather than allowing free markets to determine economic activity.

Mercantilism Is