The measures of a nation's well-being other than the financial wealth accumulated through exports are irrelevant according to ________.
A) mercantilism
B) absolute advantage theory
C) factor proportions theory
D) new trade theory

Question

Quizplus · Accepted Answer

Mercantilism, an economic theory prevalent in the 16th to 18th centuries, emphasized the accumulation of gold and silver through exports as the primary measure of a nation's well-being. Other measures, such as the quality of life of its citizens or ecological sustainability, were deemed irrelevant.

The Measures of a Nation's Well-Being Other Than the Financial