Colonies Quiz

Decisions in which people, government, businesses etc. have to choose what to do in terms of needs, wants and scarcity.

• economic decision

• export

• trade

• import

goods/services that are traded FROM a country

• economic decision

• export

• trade

• import

an exchange of good and services between two or more people, groups our countries.

• economic decision

• export

• trade

• import

goods/services that are traded TO a country

• economic decision

• export

• trade

• import

The colonies provided Europeans with a lot of economic benefits if they were willing to take risks. What are the benefits?

• wealth, land, jobs, and opportunities

• dangerous travel, land, jobs, and opportunities

• wealth, land, jobs, and risky new life

• wealth, land, jobs, leaving everything behind and opportunities

As more European came to the colonies, it became a center of ________

• political growth

• educational growth

• social growth

• economic growth

Who became very wealthy from colonial trade?

• European traders

• European leaders

• Colonist

A tax or fee paid to import or export goods.

• economic decision

• export

• tariffs

• import

A system of trade popular during the 16th-18th centuries in which countries gained wealth by importing and exporting goods and using tariffs.

• Mercantilism

• Socialism

• Economic leader