What is mercantilism?
A. A system that promotes free markets
B. A trade system that values more imports
C. A theory focused on export surpluses and gold hoarding
D. A socialist policy on trade

Question

MaximoRykei · Answer

The correct answer is letter C. Mercantilism believed in exporting more than importing to accumulate gold. It often led to colonization, like Spain exploiting the Philippines for spices and resources.

What is mercantilism? A. A system that promotes free markets B. A trade system that values more imports C. A theory focused on export surpluses and gold hoarding D. A socialist policy on trade

Answer (1)

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What is mercantilism?
A. A system that promotes free markets
B. A trade system that values more imports
C. A theory focused on export surpluses and gold hoarding
D. A socialist policy on trade

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