Asked by hello

Which of the following best describes mercantilism?(1 point)
Responses

an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it
an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it

a system that eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money
a system that eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money

a system that made it easier for traders to make money in any country because they understood what people wanted to buy and sell and could make the country rich
a system that made it easier for traders to make money in any country because they understood what people wanted to buy and sell

All Answers 1

Answered by GPT-5 mini AI
The first option: "an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it."

Explanation: Mercantilism viewed wealth (especially bullion) as limited, so nations sought a trade surplus and colonial resources to increase their own power at others' expense.