SS 7-1.3

How did nations who used mercantilism decrease imports?

• by imprisoning people who purchased imported goods
• by creating propaganda about foreign-made goods
• by destroying all imported goods
• by placing high tariffs on foreign goods

Who controls and regulates trade in a mercantilist economy?

• the indivdual citizens
• the government
• only tax payers
• the voters

What is one role colonies play in a mercantilist system?

• Colonies manufacture finished products for the mother country.
• Colonies purchase finished products from the mother country.
• Colonies sell raw materials to other countries.
• Colonies purchase raw materials from other countries.

How do colonies benefit the mother country in a mercantile system?

• Colonies provide the mother country with raw materials and new markets.
• Colonies sell finished products to the mother country.
• Colonies export raw materials to other countries.
• Colonies purchase finished products from other countries.

Which of the following describes a favorable balance of trade?

• The mother country should import more than it exports.
• The mother country should export more than it imports.
• The mother country should export the same amount of goods as other countries.
• The mother country should import all of its resources from other nations.

What is the main goal of mercantilist nations?

• Gain as much gold and silver as possible
• Share wealth with other nations
• Make colonies wealthy
• Import many goods from other nations

What was the main component of feudalism?

• government regulates trade
• building up bullion for homeland
• land ownership for protection
• exports have greater value than imports

What is the production, consumption, and transfer of wealth in a country?

• cultures
• religions
• politics
• economics

Which is NOT a goal of the mother country?

• Gain as much gold and silver as possible
• Establish colonies to gain raw materials
• Create a favorable balance of trade
• Import many goods from other countries

Which economic system was used in Medieval Europe?

• Mercantilism
• Feudalism
• Capitalism
• Democracy