According to the economic theory of mercantilism, ______.
A) trade is about absolute advantage ; tariffs should be used to maintain economic superiority
B) trade is zero-sum ; under certain circumstances, countries shouldn't trade even if it is inefficient
C) trade is about efficiency ; by trading what both partners produce most efficiently, both countries benefit
D) trade is all about power ; by maintaining trade relations, larger colonial powers could control less developed countries

Question

Quizplus · Accepted Answer

Mercantilism views trade as a zero-sum game where one nation's gain is another's loss, and it often advocates for protectionist policies to maintain national wealth and power.

According to the Economic Theory of Mercantilism, ______