which of the following statements accurately characterizes mercantilism?\no a. it is a new, highly credible…

which of the following statements accurately characterizes mercantilism?\no a. it is a new, highly credible doctrine\no b. it is a new but largely discredited doctrine\no c. it still influences many governments\no d. it is an old yet highly credible doctrine\no e. it is an old and largely discredited doctrine

which of the following statements accurately characterizes mercantilism?\no a. it is a new, highly credible doctrine\no b. it is a new but largely discredited doctrine\no c. it still influences many governments\no d. it is an old yet highly credible doctrine\no e. it is an old and largely discredited doctrine

Answer

Brief Explanations:

Mercantilism was an economic theory and practice dominant in Europe from the 16th - 18th centuries. It aimed at maximizing a nation's trade surplus and accumulating precious metals. With the rise of classical economics, it has been largely discredited. It is an old economic doctrine.

Answer:

E. It is an old and largely discredited doctrine