Question

24) To which of the following would the mercantilists have objected?
a) Free trade
b) Stimulating Exports
Le) Restricting imports
d) Accumulation of gold by their nation​

Answer 1

Answer:

d) Accumulation of gold by their nation

Answer 2

Mercantilists have objected accumulation of gold by their nation. So option d is the right answer.

• Mercantilism was developed in Europe as an economic system.

• It was assumed that, the accumulation of gold was the best way to increase the prosperity of the country. That's a reason, mercantilists advocate gold to their nation.

• Mercantilism was based upon the theory that a nation's wealth and power can be increased by increasing exports and so involved increasing trade.