Which of the following is the best description of the economic policy of mercantilism?(1 point)

Question

Responses

a belief that a nation-states’ exports and imports should be equal
a belief that a nation-states’ exports and imports should be equal

a process in which so much currency is available that the value of that currency decreases
a process in which so much currency is available that the value of that currency decreases

a system in which nation-states see colonies as important for their economic growth
a system in which nation-states see colonies as important for their economic growth

a mechanism nation-states use to import more than they export for economic growth

Answer 1

The best description of the economic policy of mercantilism is:

a system in which nation-states see colonies as important for their economic growth.

Mercantilism emphasizes the importance of accumulating wealth, particularly gold and silver, often through trade surpluses and the exploitation of colonies to provide resources and markets for the mother country.