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WorksheetsThe Mercantilists’
Total questions: 10
Worksheet time: 6mins
The mercantilism idea define wealth in a country ____
by the amount of gross domestic product (GDP)
in accumulated amount of gold and silver
by net trade
none of above
Identify non factor to obtain "wealth" by the mercantilism idea
Extraction from naturally occurring stocks
Exporting more goods and services
Domestic production subsidies policy
Imposing less import tariff
Mercantilism idea concludes that export should be less than import in order to become rich country.
True
False
The wealth of one country must come at the expenses of another country
True
False
Identify policy suggested by mercantilism idea
Promote positive trade balance
Promote more Export Tariff
Imposing less protectionism
Influence residence to import more goods and services
Identify factor(s) that mercantilism view as "wealth".
Gold
Silver
Bronze
Paper Notes
The wealth of one country must come at the expenses of another country
True
False
Why mercantilism never really went away?
Most country still imposing protectionism
Other trade policy is not reasonable
Because mercantilism idea includes paper notes as their wealth measurement
None of above
The mercantilism idea was the dominant during what centuries?
Before 16th
17th and 18th
19th and 20th
20th and 21st
The mercantilism idea is an example of
A philosophical theory
A social theory
An economic theory
A political theory
