Propagated in the 16^th and 17^th centuries,__________ advocated that countries should simultaneously encourage exports and discourage imports.

Question

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The economic theory that advocated for the simultaneous encouragement of exports and discouragement of imports in the 16th and 17th centuries was mercantilism. This theory held that a country's wealth was based on its accumulation of precious metals, which could only be achieved through a favorable balance of trade. Therefore, countries sought to increase exports (thus earning more precious metals) and limit imports (thus keeping precious metals within the country's borders).

Propagated in the 16th and 17th Centuries,__________ Advocated That Countries

Propagated in the 16^th and 17^th Centuries,__________ Advocated That Countries