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Mercantilism

Authored by Harold Ruska

History

7th Grade

Used 1K+ times

Mercantilism
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a tax on goods brought into a country...

Mercantilism

Feudalism

Tariff

Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls and regulates trade in a mercantilist economy?

The government

Tax payers

Individuals

Voters

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What group of people benefited from the introduction of international trade?

Nobles

Kings

Europeans

Merchants

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one role colonies play in a mercantilist system?

Colonies purchase raw materials from other countries.

Colonies manufacture finished products for the mother country.

Colonies sell raw materials to other countries.

Colonies purchase finished products from the mother country.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the goal of mercantilism?

To control trade and gain wealth

Make colonies wealthy

Import many goods from other nations

Share wealth with other nations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which response BEST represents feudalism?

Exports have greater value than imports

Land ownership for protection

Building up bullion for homeland

Government regulates trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: When the value of what a country exports is more than the cost of imports

Capitalism

Bullion

Favorable balance of trade

Economics

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