566EconomicsMedium
Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements?
Atraditional
Bmercantile
Ccommand
Dfeudal
Correct answer
B. mercantile
Explanation
The correct answer is mercantile.