The first theory of international trade that emerged in England assert

QUESTION

The first theory of international trade that emerged in England asserted that gold and silver were the mainstays of national wealth and essential to vigorous commerce.

Indicate whether the statement is true or false.

ANSWER

TRUE
The first theory of international trade, mercantilism, emerged in England in the mid-sixteenth century and asserted that gold and silver were the mainstays of national wealth and essential to vigorous commerce.