According to the theory of mercantilism,a country should develop policies that encourage a favorable balance of trade.
The basic idea of mercantilism is to sell more goods to other nations than you buy from them.

Question

Quizplus · Accepted Answer

This statement accurately reflects the central idea of mercantilism, which emphasizes the importance of exporting goods in order to accumulate wealth and maintain a favorable balance of trade. Mercantilist policies typically involve restrictions on imports and efforts to promote domestic production and export-oriented industries.

According to the Theory of Mercantilism,a Country Should Develop Policies