Which statement regarding the economic theory of mercantilism is FALSE?
A) It presumed that the world's wealth was finite.
B) It increased competition among nations.
C) It reduced the desire for nations to acquire and maintain colonies.
D) It assumed that exporting goods was preferable to importing goods.
E) Its principles spread throughout Europe in the sixteenth and seventeenth centuries.

Question

Quizplus · Accepted Answer

Mercantilism was a system that emphasized a nation's ability to accumulate wealth and power through increasing exports and minimizing imports, often through the establishment and maintenance of colonies. It did not reduce the desire for nations to acquire and maintain colonies; rather, it incentivized it as a source of goods and raw materials for export.

Which Statement Regarding the Economic Theory of Mercantilism Is FALSE