Question

8.12
this is an excerpt from the wealth of nations by adam smith.
we may likewise diminish our imports, if we would soberly refrain from excessive consumption of foreign wares in our diet and clothing, which vices at this present are more notorious amongst us than in former ages. yet might they easily be amended by enforcing the observation of such good laws as are strictly practiced in other countries... by commanding their own manufactures to be used, they prevent the growth in wealth of others...
in this excerpt, smith is discussing what economic idea?

capitalism

free trade

global interdependence

mercantilism

Explanation:

Adam Smith critiques policies that restrict foreign goods consumption, enforce domestic manufacturing use, and limit imports—core traits of mercantilism, an economic system focused on accumulating wealth via controlling trade and prioritizing domestic production over imports. Smith argued against mercantilist restrictions in favor of free markets, making this the correct match.

Answer:

○ mercantilism