The mercantilist model of trade stressed the role of government in trade and emphasized the importance of balance-of-payment surpluses in trade with other countries.

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This statement correctly describes the mercantilist model of trade, which was popular in the 16th to 18th centuries in Europe. Mercantilists believed that a country's wealth and power were dependent on its ability to accumulate precious metals and maintain a favorable balance of trade with other countries. They emphasized the role of government in promoting exports and limiting imports through policies such as tariffs, subsidies, and restrictions on foreign competitors.

The Mercantilist Model of Trade Stressed the Role of Government