Which of these is true of the mercantilism policy?
A)It accepts gold as a medium of exchange.
B)It encourages free movement of labor and capital resources between nations.
C)It emphasizes government control over the production of important goods and services.
D)It emphasizes the importance of trade restrictions in achieving economic growth.
E)It believes that a nation's economic vitality depends on its unemployment level.

Question

Quizplus · Accepted Answer

Mercantilism policy emphasizes the importance of trade restrictions like tariffs, subsidies, and quotas in achieving economic growth. It aims to increase a country's wealth and power by promoting exports and limiting imports through such trade restrictions.

Which of These Is True of the Mercantilism Policy