Question
Mercantilism was an economic theory based on the idea that countries should accumulate wealth by accumulating
in competition with other nations.
land
gold
slaves
oil
in competition with other nations.
land
gold
slaves
oil
Answers
GPT-4o mini
Mercantilism was an economic theory based on the idea that countries should accumulate wealth by accumulating **gold** in competition with other nations. This theory emphasized that a nation's wealth was measured by its stock of precious metals, and countries sought to achieve a favorable balance of trade to increase their gold reserves.