The system of mercantilism is based on "Nations increase their wealth by exporting more than they import".
Option: (C)
<u>EXPLANATION:</u>
Adam Smith instituted the term "mercantile system" to relate the 'system of political economy' that looked to advance the nation by limiting imports and empowering exports.
This system influenced Western European economic policies and approaches from the '16th' to the late '18th' century.
The objective of these policies was, as far as anyone knows, to accomplish an "ideal" balance of trade that would bring silver and gold into the nation and increase their wealth and economy.
The act was an effort to aid in the construction of a railroad and telegraph line from the Missouri River to the Pacific Ocean and to secure the use of that line to the government.
