Mercantilism and Capitalism
3 years ago
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  • Question 1
    45 seconds
    Q. Mercantilism can best be described as what?
    answer choices
    the idea that a colony should be self sufficient and able to provide for itself
    the idea that a nation needs to strongly equip its colonies to defend itself in case of foreign attack
    the idea that the religion of a colony should differ from the religion of the mother country
    the idea that a nation�s power is related to its wealth and needs a favorable balance of trade with its colonies
  • Question 2
    45 seconds
    Q. The joint-stock company, introduced during the Commercial Revolution, would most resemble what?
    answer choices
    private enterprise
  • Question 3
    45 seconds
    Q. Colonization supported the European economic policy of mercantilism by providing what?
    answer choices
    a way to get rid of excess silver and gold
    a place to store raw materials for future use
    finished products to sell in Europe
    a market for selling goods
  • Question 4
    45 seconds
    Q. The business endeavors in the English colonies in America led to the emergence of an economic system where most of the production was privately owned. What is the system called?
    answer choices
  • Question 5
    45 seconds
    Q. What is capitalism?
    answer choices
    government control of production and goods
    private control of production and goods for profit
    employee control of production, goods, and profit
    international control of production and goods for profit
  • Question 6
    45 seconds
    Q. What helped the middle class to grow?
    answer choices
    Guild memberships increased.
    Peasants made more money.
    More people started businesses.
    The nobles sold land to peasants.
  • Question 7
    45 seconds
    Q. Under which economic system would American entrepreneurs and investors most likely be found?
    answer choices
  • Question 8
    45 seconds
    Q. What does the policy of mercantilism, which was adopted by the European powers in the 16th and 17th centuries, mean?
    answer choices
    monarch�s power is dependent on his wealth as it allows for him to pay his subjects for support.
    A country�s power is dependent on its wealth as it allows for nations to build strong militaries and purchase vital goods.
    A monarch�s power is dependent on his wealth as it allows for a monarch to build a strong military and purchase vital goods.
    A country�s power is dependent on the military as it allows for effective wars to be waged.
  • Question 9
    45 seconds
    Q. Which of the following was NOT a principle of mercantilism?
    answer choices
    Export more than you import.
    Import more than you export.
    Settle as many colonies as possible
    Gain as much gold and silver as possible.
  • Question 10
    45 seconds
    Q. �Colony� refers to:
    answer choices
    An increase in population for a country
    An expedition sent to explore a foreign land
    A settlement in a distant land whose citizens keep close ties to their parent country.
    A group of individuals who unite for a common cause.
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