Question

Which fact below is not true of the mercantile theory?

Answer 1

Answer:

Option A.

Explanation:

Converted gold and silver to goods, is the right answer.

Mercantilism is a federal economic strategy that is intended to maximize the shipping, and reduce the imports, of a country. These strategies intend to overcome a potential current account deficit or relinquish a current account excess. Mercantilism incorporates a federal economic plan endeavored at accumulating financial reserves through a definite balance of trade, particularly of furnished goods.

This theory of mercantilism supported exploration, encouraged the establishment of colonies and made mother country self-sufficient, thus option A, will be the correct answer.

Answer 2

It did not ENCOURAGE FOUNDING COLONIES