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Mercantilism Flashcards | StudBud
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Mercantilism
Mercantilism
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Basics of #mercantilism #economics #worldhistory
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Fish, furs, sugar, and tobacco would be examples of...
manufactured goods.
raw materials.
rare elements.
2
The image is showing which of the following?
Immigration to America
Exploration of North America
Mercantilism and Triangular Trade
Goods traded during WW II
3
Because of mercantilism and increased trade in the 1600-1700s, we see an increase in the
number of public schools.
number of Native Americans.
number of merchants.
countries trading with Japan.
4
During the time of mercantilism a market economy based on ____________ began.
imports >exports
bartering
government demand
supply and demand
5
Which of the following was a goal of European kings and queens under mercantilism?
Exports = Imports
Exports < Imports
Exports > Imports
6
Colonies during mercantilism were allowed to export or import from any country in Europe.
True
False
7
Mercantilism required colonies to export cheap _________ & import ___________.
slaves/sugar
raw materials/manufactured goods.
silks/spices
manufactured goods/raw materials
8
Mercantilism policy said that its goal was to increase the wealth of ________________.
the poor workers
kings and queens
colonists
merchants and companies
9
Furniture, guns, and cloth would be an example of a
an expensive item.
manufactured good.
raw material.
10
Which economic system replaced mercantilism and we still use today?
feudalism
isolationism
capitalism
