A nation practicing mercantilism aims to
A) keep the government out of the economy.
B) establish an excess of exports over imports.
C) balance imports with exports.
D) replace gold and silver with paper money.
E) reduce the size of the military sector.

Question

Quizplus · Accepted Answer

Mercantilism is an economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. This is achieved by promoting exports and discouraging imports, thus establishing an excess of exports over imports.

A Nation Practicing Mercantilism Aims to