________ says that nations should accumulate financial wealth,usually in the form of gold,by encouraging exports and discouraging imports.
A) Absolute advantage theory
B) Factor proportions theory
C) Mercantilism
D) Communism

Question

Quizplus · Accepted Answer

This statement describes the core principles of mercantilism, which was a dominant economic theory in Europe during the 16th to 18th centuries. Mercantilism emphasized the accumulation of wealth through trade surpluses, and the importance of exporting more than importing to maintain a positive balance of trade. Mercantilists believed that a nation's economic strength and security depended on its accumulation of gold reserves, and therefore advocated policies that encouraged exports and discouraged imports.

________ Says That Nations Should Accumulate Financial Wealth,usually in the Form