Question

Which of the following is the best description of the economic policy of mercantilism?(1 point)
Responses

a belief that a nation-states’ exports and imports should be equal
a belief that a nation-states’ exports and imports should be equal

a process in which so much currency is available that the value of that currency decreases
a process in which so much currency is available that the value of that currency decreases

a system in which nation-states see colonies as important for their economic growth
a system in which nation-states see colonies as important for their economic growth

a mechanism nation-states use to import more than they export for economic growth

Answer 1

The best description of the economic policy of mercantilism is:

**a system in which nation-states see colonies as important for their economic growth.**

Mercantilism emphasizes the importance of accumulating wealth, particularly gold and silver, often through trade surpluses and the exploitation of colonies to provide resources and markets for the mother country.