Which of the following statements accurately describes the economic policy of mercantilism?

AIt downplayed the role of government in stimulating economic growth.
BIt discouraged the establishment of overseas colonies.
CIt encouraged trade by abolishing laws that regulated trade.
DIt was based on a belief that a nation’s real wealth was measured in its gold and silver treasure.

Verified Answer :


The best answer is letter a. It downplayed the role of government in stimulating economic growth.

>>The main goal of mercantilism was to increase a nation's wealth by imposing government regulation concerning all of the nation's commercial interests.
 It sticks to the belief that the national strength can be maximized by limiting imports via tariffs and maximizing exports.



Answer:

D

Explanation: