Question

Which of the following is a characteristic of the economic theory of mercantilism? A. The world's wealth is constantly increasing. B. Exports should be encouraged over imports. C. Natural resources should be encouraged over precious metals. D. A country's wealth can be judged by its supply of natural resources.

Answer 1

Answer: B

Explanation: Exports should be encouraged more than imports.

Answer 2

The characteristic of the economic theory of mercantilism is that, exports should be encouraged over imports. The economic theory of mercantilism's main aim is to establish a powerful and wealthy state. Mercantile system is a kind of economic system that seeks to enrich a country be prioritizing and encouraging exports over imports.