Mercantilism v. Free Enterprise

Front

TRUE or FALSE: The American economy allows individuals to purchase what they want, work where they want, and change jobs when they want. 

Back

TRUE

Front

In the American Free Enterprise System, do you have the right to buy or sell private property?

Back

True

Front

What did European Countries BUY from the Colonies?

Back

Raw Materials

Front

What did the European countries do with the raw materials?

Back

Turn them into finished products

Front

After round TWO, who benefited the most from the Navigation Acts? Options: France, Colonies, Spain, Great Britain

Back

Great Britain

Front

What is mercantilism?

Back

A system where a mother countries gains money and power from natural resources that come from its colonies.

Front

True or False? Great Britain wanted to create wealth by importing more goods than it exported.

Back

False

Front

Which term means a good to sold another country?

Back

Export

Front

The impact of mercantilism was that

Back

The Mother Country grew wealthy

Front

In a free enterprise system, the government places ________________ restrictions on businesses and its citizens:

Back

minimum