Which of the following positions might be taken by the ruler of a nation practicing mercantilism?
A) support of the merchant marine sector
B) support for the elimination of trade barriers such as tariffs
C) support for the reduction of government holdings of specie
D) discouragement of exploration and colonization
E) All of the above.

Question

Quizplus · Accepted Answer

Mercantilism emphasizes building a nation's wealth by increasing exports and accumulating precious metals in return. Supporting the merchant marine sector would help achieve these goals by enhancing the nation's trade capabilities. Options B, C, and D contradict mercantilist principles, which favor trade barriers to protect domestic industries, increasing government reserves of precious metals (specie), and encouraging exploration and colonization to open new markets and sources of wealth.

Which of the Following Positions Might Be Taken by the Ruler