According to the mercantilist school of thought, how can states maximize their wealth and welfare?
A)by playing an active role in the economy and accumulating resources
B)by letting the "invisible hand" control economic decisions
C)by opening trade borders and removing barriers to trade
D)by focusing on industries in which they have a comparative advantage

Question

Quizplus · Accepted Answer

Mercantilism advocates for a strong role of the state in the economy, emphasizing the accumulation of wealth and resources, particularly gold and silver, through a positive balance of trade. This involves active government intervention in economic affairs, contrary to laissez-faire or free trade principles.

According to the Mercantilist School of Thought, How Can States