According to mercantilism,the accumulation of national wealth depended on the ________.
A) increase in a nation's trade surplus
B) increase in a nation's trade deficit
C) expansion of a nation's total value of trade
D) expansion of a nation's total volume of trade

Question

Quizplus · Accepted Answer

Mercantilism believed that a nation's wealth depended on its trade surplus, which means a country exports more than it imports. This allows for the accumulation of gold and silver reserves, which were considered measures of wealth at the time. Therefore, option A- increase in a nation's trade surplus is the correct choice.

According to Mercantilism,the Accumulation of National Wealth Depended on the ________