Under the theory of mercantilism, one nation's gain was
A) Another nation's loss.
B) Measured in the welfare of its citizens.
C) Tied to the welfare of other nations.
D) Sure to grow in the absence of government.

Question

Quizplus · Accepted Answer

Mercantilism was based on the belief that a nation's wealth and power were measured by its gold and silver reserves. Therefore, mercantilists believed that a nation's gain could only come at the expense of another nation, meaning that one nation's gain was another nation's loss.

Under the Theory of Mercantilism, One Nation's Gain Was