The school of thought during the seventeenth and eighteenth centuries proposing that the way for a nation to become richer was to restrict imports and stimulate exports was:
A)Mercantilist
B)Classical School
C)Laissez Faire
D)Opportunity cost

Question

Quizplus · Accepted Answer

The school of thought described in the question is known as mercantilism, which emphasized the accumulation of wealth through a favorable balance of trade. This involved restricting imports and promoting exports to increase the inflow of gold and silver into the nation's economy.

The School of Thought During the Seventeenth and Eighteenth Centuries