According to the economic theory known as mercantilism,
A) merchants should control the government because they contribute more than others to national wealth.
B) the government should regulate economic activity so as to promote national power.
C) the government should encourage manufacturing and commerce by keeping its hands off the economy.
D) colonies existed as a place for the mother country to send raw materials to be turned into manufactured goods.
E) England wanted the right to sell goods in France, but only to non-Catholic buyers.

Question

Quizplus · Accepted Answer

Mercantilism holds that a country's economic power is directly related to its national power, and thus the government should regulate economic activity to promote national power. This often involves policies such as encouraging exports and discouraging imports, as well as government control and intervention in the economy.

According to the Economic Theory Known as Mercantilism