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Mercantilism & Capitalism Flashcards | StudBud
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Mercantilism & Capitalism
Mercantilism & Capitalism
15 terms
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StudBud Administration
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102 plays
Social studies
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is a bullion
Gold
A colony
Animal
building
2
How did captialism impact them
the middle class started to rise
they all became poor
Both answer 2 & answer 3
the development of a market economy
3
The mother country hated mercantilism
Both
False
True
4
What was the role of the colony
provide raw materials
both
To finish products
5
What is a market economy?
a type of market
Buyers and sellers would talk to sell goods and services
A market where the economy shop
supply & demand
6
The belief that wealth would trickle down
Trickle down theroy
The invisible hand theroy
Market economy
Liassez-Faire
7
What was supply and demand
the demand of supplies
A type of supply
prices based on how much of things you have and demand of it
A market economy
8
How did they keep a favorable balance of trade?
they only imported
They imported more than exported
They exported more than they imported
they only exported
9
The colonists liked Mercantilism
true
false
10
What was the role of the mother country
both
To sell the finished product to the colony
To make the finished product
11
What does Laissez - Faire mean?
"The government should interfere"
"The middle class is the richest"
"The government should not interfere"
"I love mercantilism"
12
What is Mercantilism
A collection of gold
A merchants store
International trade with other countries
Private ownership
13
Who was the father of Capitalism
Adam Smith
Smith Adams
Santa
John Quincy Adams
14
what is a tariff
Gold
A tax on goods from other countries
Raw material
A cliff
15
What is Capitilism
An economic system based on private ownership
An international trade
A supply and demand method
A credit card
