Which of the Following Statements Is Not True

Which of the following statements is not true?

A) Although the mercantilist era ended in the late 1700s, its arguments live on.
B) Many of the world's managers see China as a present-day "fortress of mercantilism" that raises barriers to imported goods while giving its own exporters an unfair advantage.
C) Many people see trade as a zero-sum activity, in which one party must lose for another to gain. We still use the term favorable trade balance to mean a nation exports more goods and services than it imports.
D) Mercantilism generated benefits for certain economic groups, such as emerging industrialists and shippers, though at a cost to other groups including consumers.
E) Mercantilists viewed precious metals such as gold and silver as the only source of wealth, and their accumulation as essential to a nation's welfare.