____ is a doctrine that holds that exports are good for a country, whereas imports are harmful.
A)Supply-side economics
B)Mercantilism
C)Free trade
D)Monetarism

Question

Quizplus · Accepted Answer

Mercantilism is a doctrine that holds that exports are good for a country, whereas imports are harmful. This theory was widely popular during the 16th to 18th centuries when colonial empires were expanding and trade with other nations was becoming more prevalent. It was believed that a country's wealth was determined by the amount of gold and silver it possessed, and that exporting more than importing would result in a surplus of these precious metals. This ideology led to policies aimed at protecting domestic industries and regulating foreign trade in order to maintain a favorable trade balance.

____ Is a Doctrine That Holds That Exports Are Good