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What was the theory of mercantilism?

A. That countries would only be successful if they imported huge quantities of trade goods from other nations and exported very few.

B. The theory that colonies should be treated as equal economic partners with their mother countries.

C. The theory that strength was determined by a country's total wealth, and that countries needed to accumulate as much wealth as possible.

D. An economic theory proposed by colonists that would require colonial powers to sell goods to the colonies at discounted rates to help them grow.

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Final answer:

Mercantilism was an economic theory that focused on a nation's wealth accumulation through trade practices like boosting exports and limiting imports.


Explanation:

Mercantilism was an economic theory prevalent in Europe from the 16th to the 18th centuries. It emphasized that a nation's prosperity depended on accumulating wealth, usually in the form of bullion, through a positive balance of trade achieved by boosting exports and limiting imports. This meant encouraging domestic industry, imposing tariffs, and using colonies as sources of resources and markets.


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