Question

Which statement BEST describes an important underlying belief of mercantilism? A There is a limited amount of wealth in the world. B People work and produce mainly for selfish reasons. C Self-determination is the right of all people. D Competition leads to efficiency.

Answer 1

Answer: A There is a limited amount of wealth in the world.

Explanation:

According to Mercantilism, wealth is limited and that governments of countries should ensure that the wealth of their economy are preserved.

One way of doing this that was suggested is that the government should make sure that exports are more than the imports as this will bring about more money into such countries.

Therefore, the correct option is A.