The theory of _____ makes a crude case for government involvement in promoting exports and limiting imports.

Question

Quizplus · Accepted Answer

The theory described in the sentence is mercantilism, which advocates for government intervention in the economy to promote exports and restrict imports for the purpose of increasing a nation's wealth and power. Free trade, absolute advantage, and comparative advantage, on the other hand, all promote the benefits of international trade and generally do not support government intervention in trade.

The Theory of _____ Makes a Crude Case for Government