Which of the following refers to a policy of increasing national power by managing the economy to create a trade surplus?
A) Capitalism
B) Laissez-faire
C) Mercantilism
D) Free trade

Question

Quizplus · Accepted Answer

Mercantilism is the policy of increasing national power by managing the economy to create a trade surplus. It involves maximizing exports and minimizing imports in order to accumulate gold and other precious metals, which were seen as a measure of a country's wealth and power. This policy was especially popular among European powers in the 16th to 18th centuries.

Which of the Following Refers to a Policy of Increasing