WorksheetsMercantilism Vocabulary Quiz
Total questions: 10
Worksheet time: 5mins
What is the definition of mercantilism?
A policy of free trade between nations
An economic theory where a nation seeks to increase its wealth by controlling trade and accumulating precious metals
The act of smuggling goods into a country
A system of government based on democracy
What does the term "export" mean?
Goods brought into a country from abroad
Goods sent out of a country to be sold elsewhere
Raw materials used in manufacturing
Laws restricting trade
What is meant by "import"?
Goods sent out of a country
Goods brought into a country from abroad
The act of smuggling goods
Laws regulating trade
Which best describes "raw materials"?
Finished products ready for sale
Basic substances used to produce goods, such as timber, cotton, or sugar
Laws restricting trade
Goods smuggled into a country
What was the Triangular Trade?
A trade route between three regions: Europe, Africa, and the Americas, involving goods, slaves, and raw materials
A system of trade between two countries
A law restricting colonial trade
A method of manufacturing goods
What does "Salutary Neglect" refer to?
Strict enforcement of colonial laws by Britain
British policy of loosely enforcing laws in the American colonies
The act of exporting goods
The process of manufacturing raw materials
What were the Navigation Acts?
Laws passed by England to restrict colonial trade and ensure it benefited England
Agreements allowing free trade between colonies and other nations
Acts of smuggling goods into the colonies
Policies encouraging colonial self-government
What is smuggling?
The legal import of goods
The illegal movement of goods into or out of a country to avoid taxes or restrictions
The process of manufacturing goods
The export of raw materials
What were the Restraining Acts?
Laws passed to limit colonial self-government and restrict colonial assemblies
Acts encouraging free trade
Laws allowing colonies to trade with any country
Policies promoting the export of raw materials
Which term refers to basic substances like timber, cotton, or sugar that are used to produce goods?
Export
Raw materials
Import
Smuggling
