According to the ____ view, a nation's wealth consists of the amount of gold or other monies at its command.
A)Keynesian
B)free trade
C)mercantilist
D)monetarist

Question

Quizplus · Accepted Answer

The mercantilist view is based on the idea that a nation's wealth is measured by the amount of gold or other precious metals it has. This view was popular during the 16th to 18th centuries, when European powers were competing for dominance through economic means. Mercantilists believed that a country should prioritize exporting goods to gain more gold and limit imports to keep gold within the country. This approach was criticized by later economic thinkers, such as Adam Smith, who argued for a free trade system instead.

According to the ____ View, a Nation's Wealth Consists of the Amount