Question
Which conclusion regarding mercantilism is MOST LIKELY accurate?
Responses
A Mercantilist policies favored negative trade balances.Mercantilist policies favored negative trade balances.
B Mercantilist countries encouraged political freedom for colonies.Mercantilist countries encouraged political freedom for colonies.
C Mercantilism encouraged free trade between colonies and other countries.Mercantilism encouraged free trade between colonies and other countries.
D Mercantilism promoted the accumulation of gold and silver by governments.Mercantilism promoted the accumulation of gold and silver by governments.
Responses
A Mercantilist policies favored negative trade balances.Mercantilist policies favored negative trade balances.
B Mercantilist countries encouraged political freedom for colonies.Mercantilist countries encouraged political freedom for colonies.
C Mercantilism encouraged free trade between colonies and other countries.Mercantilism encouraged free trade between colonies and other countries.
D Mercantilism promoted the accumulation of gold and silver by governments.Mercantilism promoted the accumulation of gold and silver by governments.
Answers
GPT-4o mini
The MOST LIKELY accurate conclusion regarding mercantilism is:
**D Mercantilism promoted the accumulation of gold and silver by governments.**
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that emphasized the importance of accumulating wealth, particularly gold and silver, as a measure of national power. It encouraged a positive balance of trade where countries aimed to export more than they imported, thereby increasing their reserve of precious metals.
**D Mercantilism promoted the accumulation of gold and silver by governments.**
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that emphasized the importance of accumulating wealth, particularly gold and silver, as a measure of national power. It encouraged a positive balance of trade where countries aimed to export more than they imported, thereby increasing their reserve of precious metals.