Question

An economic system that favored exporting over importing and measured a country's wealth in terms of how much gold and silver it possessed was known as what?

socialism
mercantilism
capitalism
feudalism

Answer 1

Mercantilism

Step-by-step explanation:

Answer 2

Mercantilism

Mercantilism a system whereby a country attempts to amass wealth through trade with other countries. According to this theory, the amount of wealth in the world was static. As a result, European nations took several steps to ensure their nations accumulated as much of this wealth as possible.