Discussion
The theory of mercantilism is based on :
Answer: A
Mercantilism was based on gold, that is, on bullion as the measure of national wealth.
The mercantilist writers of the sixteenth to eighteenth centuries held that a nation grows rich by accumulating gold and silver. Hence their policy of a favourable balance of trade: export more than you import, and the difference flows in as precious metal.
The dollar is anachronistic, since mercantilism predates it as a world currency. 'Use of money' is too general to identify the doctrine, and exchange of goods for goods is barter, the opposite of the bullion-centred view.
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