What is the basis for the the economic theory of mercantilism that drove the exploration and settlement of North America by Europeans?

Question

Mercantilism is rooted in the idea that a nation’s power stems from the authority of an absolute monarch.
Mercantilism is based on the notion that nations working together will achieve the most prosperity.
Mercantilism is based on the idea that a nation’s power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.***
Mercantilism is based on the principle of ensuring equal access to natural resources for all nations.

Answer 1

Correct