Question

Which of the following statements accurately describes the economic policy of mercantilism? a. It downplayed the role of government in stimulating economic growth. b. It discouraged the establishment of overseas colonies. c. It encouraged trade by abolishing laws that regulated trade. d. It was based on a belief that a nation’s real wealth was measured in its gold and silver treasure.

Answer 1

I think the correct answer from the choices listed above is option D. The statement that accurately describes the economic policy of mercantilism would be that it was based on a belief that a nation’s real wealth was measured in its gold and silver treasure.