He argued that purchasers of luxury goods created a livelihood for the poor, whereas the miser who saved his money caused them to die in distress. Mercantilism<span> is thought to have begun its intellectual eclipse with the publication of </span>Adam Smith's <span>Wealth of Nations in 1776</span>
Answer: The correct answer is : A. Mercantilism required government regulation of trade.
Explanation: Smith thought that the wealth of a nation was not demonstrated in the amount of precious metals that it had, but in the capacity of that country to produce and in the commerce, in the free interchange to increase the productivity and that the exports can be so valuable as imports. He did not share the idea that through extensive government controls wealth was built, that those controls were necessary to achieve prosperity.
