What best describes the mercantilist economic system?

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It advocates for unrestricted global trade.It involves government policies that encourage exports and restrict imports.It was highly endorsed by Adam Smith in his book Wealth of Nations.Both options A and C are correct.None of the above.

Explanation

Mercantilism refers to an economic approach where governments promote exports while imposing restrictions on imports to strengthen national wealth. It is not a system supporting free trade and was actually criticized by Adam Smith in Wealth of Nations.