Question

Which of the following is an example of a mercantilist policy?(4 points) Responses Increased funding for land based exploration of territories. Increased funding for land based exploration of territories. High tariffs are placed on imported goods of foreign countries. High tariffs are placed on imported goods of foreign countries. Workers are moved from rural to urban areas for labor. Workers are moved from rural to urban areas for labor. Chattel slavery is used to increase profits on plantation produced goods.

Answer 1

The correct example of a mercantilist policy from the options provided is:

High tariffs are placed on imported goods of foreign countries.

Mercantilism is an economic theory that emphasizes the importance of stockpiling wealth, primarily gold and silver, through a favorable balance of trade. High tariffs on imports are a common mercantilist strategy used to protect domestic industries and encourage exports, thereby promoting national wealth.