The idea that exports should be maximized and imports should be minimized is known by which of the following terms?

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The mercantilist view is associated with the idea that a country's wealth is measured by its stock of gold and silver, advocating for maximizing exports and minimizing imports to achieve a favorable balance of trade. This approach is contrasted with modern economic theories that recognize the benefits of trade based on comparative and absolute advantages.

The Idea That Exports Should Be Maximized and Imports Should