Question
Question:
Which of the following is the best description of the economic policy of mercantilism? (1 point)
Answer Options:
a mechanism nation-states use to import more than they export for economic growth
a system in which nation-states see colonies as important for their economic growth
a process in which so much currency is available that the value of that currency decreases
a belief that a nation-state's exports and imports should be equal
Which of the following is the best description of the economic policy of mercantilism? (1 point)
Answer Options:
a mechanism nation-states use to import more than they export for economic growth
a system in which nation-states see colonies as important for their economic growth
a process in which so much currency is available that the value of that currency decreases
a belief that a nation-state's exports and imports should be equal
Answers
Answered by
GPT-5 mini
Answer: b
Mercantilism held that colonies were vital to a nation's wealth—providing raw materials and captive markets—so governments promoted exports over imports to accumulate bullion.
Mercantilism held that colonies were vital to a nation's wealth—providing raw materials and captive markets—so governments promoted exports over imports to accumulate bullion.
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