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) mercantilist

Question

Quizplus · Accepted Answer

The economic system described relies on protected markets and trade monopolies, which are key features of mercantilism. A) Free trade is the opposite of protected markets and trade monopolies. B) Closed borders does not necessarily imply protected markets and trade monopolies. C) Capitalism is a broader economic system that does not inherently rely on protected markets and trade monopolies.

What Name Is Given to an Economic System That Relies