Advocates of "mercantilism" argued for all of the following except
A)governments should abstain from any involvement in the economy.
B)a nation prosperity depended upon a plentiful supply of bullion (gold and silver).
C)exports must exceed imports.
D)tariffs should be placed on foreign goods.
E)governments should improve transportation facilities and grant trade monopolies to businesses.

Question

Quizplus · Accepted Answer

Advocates of mercantilism believed in strong government intervention in the economy, including the use of tariffs, monopolies, and investment in infrastructure. They did not argue for abstaining from involvement in the economy.

Advocates of "Mercantilism" Argued for All of the Following Except