The mercantilists would have objected to
A) export promotion policies initiated by the government.
B) the use of tariffs or quotas to restrict imports.
C) trade policies designed to accumulate gold and other precious metals.
D) international trade based on open markets.

Question

Quizplus · Accepted Answer

Mercantilists believed in accumulating wealth, primarily gold and silver, through a positive balance of trade, achieved by exporting more than importing. They would have objected to open market international trade because it could lead to an outflow of precious metals if imports exceeded exports, contradicting their core principle of accumulating wealth.

The Mercantilists Would Have Objected to