QuestionJune 3, 2025

The mercantilists would have objected to: a) Imports based on free trade b) The use of tariffs or quotas to restrict imports C) Export promotion policies initiated by the government d) Trade policies designed to accumulate gold and other precious metals

The mercantilists would have objected to: a) Imports based on free trade b) The use of tariffs or quotas to restrict imports C) Export promotion policies initiated by the government d) Trade policies designed to accumulate gold and other precious metals
The mercantilists would have objected to:
a) Imports based on free trade
b) The use of tariffs or quotas to restrict imports
C) Export promotion policies initiated by the government
d) Trade policies designed to accumulate gold and other precious metals

Solution
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Answer

a) Imports based on free trade Explanation Mercantilists believed in accumulating wealth through a positive balance of trade, favoring exports over imports. They would object to free trade as it could lead to increased imports and decreased domestic production.

Explanation

Mercantilists believed in accumulating wealth through a positive balance of trade, favoring exports over imports. They would object to free trade as it could lead to increased imports and decreased domestic production.
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