Question

Supporters of mercantilism:

A. viewed accumulation of precious metals as an activity essential to a nation's welfare.

B. viewed industrial development as the primary source of a nation's wealth.

C. promoted trade policies that generally benefited consumers and emerging industrialists.

D. all of the above.

E. two of A, B, and C.

Answer 1

Supporters of mercantilism believed in accumulating precious metals, promoting industrial development, and benefiting emerging industrialists.

Step-by-step explanation:

Supporters of mercantilism viewed the accumulation of precious metals as an activity essential to a nation's welfare. They believed that a nation's power and wealth depended on the amount of gold and silver it held. In order to achieve this, they promoted policies that emphasized industrial development as the primary source of a nation's wealth. Additionally, mercantilism generally resulted in trade policies that favored emerging industrialists and protected domestic industries.