MC24. What was the focus of mercantilist economic thought?
A. Encouraging exports and limiting imports to build up a nation’s wealth.
B. Maximizing social welfare.
C. Achieving economic efficiency through competition.
D. Minimizing government intervention in the economy.
Answer:A
MC24. What was the focus of mercantilist economic thought?
A. Encouraging exports and limiting imports to build up a nation’s wealth. B. Maximizing social welfare. C. Achieving economic efficiency through competition. D. Minimizing government intervention in the economy.