________ was a seventeenth- and eighteenth-century belief that a nation should try to sell more goods to other nations than it buys from them.

Question

________ was a seventeenth- and eighteenth-century belief that a nation should try to sell more goods to other nations than it buys from them.

Quizplus · Accepted Answer

Mercantilism was a belief that a nation should try to accumulate wealth, particularly in the form of gold and silver, by exporting more goods than it imported. This was achieved through policies such as tariffs, subsidies, and monopolies on certain products. Mercantilist theorists believed that limiting imports and promoting exports would lead to a favorable balance of trade and increased wealth for the nation.

________ Was a Seventeenth- and Eighteenth-Century Belief That a Nation Should