As a trade theory, mercantilism was based on the idea that a trade surplus would lead to
A) absolute advantage among all trading partners.
B) first-mover advantages.
C) lower levels of inflation and a steady economy.
D) accumulations of gold and silver.
E) lower levels of national wealth.

Question

Quizplus · Accepted Answer

Mercantilism emphasized accumulating wealth, particularly gold and silver, through a trade surplus, believing it would increase national power and wealth.

As a Trade Theory, Mercantilism Was Based on the Idea