Under mercantilism, governments sought to influence trade by ________.
A)establishing bilateral trading agreements with other countries
B)limiting exports
C)limiting imports and subsidizing exports
D)encouraging the development of manufacturing in their colonies

Question

Quizplus · Accepted Answer

Under mercantilism, governments sought to limit imports and subsidize exports in order to maintain a favorable balance of trade and increase their own wealth and power. This was achieved through various policies such as tariffs, quotas, and subsidies for domestic industries. Limiting exports alone would not be as effective in achieving these goals, and while establishing bilateral trading agreements and encouraging manufacturing in colonies were also strategies employed under mercantilism, they were not as central to the ideology as limiting imports and subsidizing exports.

Under Mercantilism, Governments Sought to Influence Trade by ________