The Salcian government decides on the products that can be imported and ensures that any product that can be produced at home is not imported. Instead, the government wants to maximize exports to achieve a surplus in the balance of trade. Which perspective likely influences Salcia's approach to international trade?

Question

Quizplus · Accepted Answer

Mercantilism is an economic theory that emphasizes maximizing exports and minimizing imports to achieve a trade surplus, aligning with Salcia's approach.

The Salcian Government Decides on the Products That Can Be