Responses
A Mercantilist policies favored negative trade balances.Mercantilist policies favored negative trade balances.
B Mercantilist countries encouraged political freedom for colonies.Mercantilist countries encouraged political freedom for colonies.
C Mercantilism encouraged free trade between colonies and other countries.Mercantilism encouraged free trade between colonies and other countries.
D Mercantilism promoted the accumulation of gold and silver by governments.Mercantilism promoted the accumulation of gold and silver by governments.
1 answer
The MOST LIKELY accurate conclusion regarding mercantilism is:
D Mercantilism promoted the accumulation of gold and silver by governments.
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that emphasized the importance of accumulating wealth, particularly gold and silver, as a measure of national power. It encouraged a positive balance of trade where countries aimed to export more than they imported, thereby increasing their reserve of precious metals.
