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Question
Why might China's economy be described as mercantilist during the 1600s?
(1 point)
Responses
China had many colonies throughout Asia.
China had many colonies throughout Asia.
China formed economic alliances with European nations.
China formed economic alliances with European nations.
China allowed foreign goods to flood its markets.
China allowed foreign goods to flood its markets.
China received payment for goods in gold and silver.
China received payment for goods in gold and silver.
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China received payment for goods in gold and silver.
Mercantilism emphasizes accumulating bullion and maintaining a favorable balance of trade; in the 1600s China exported silk, tea, porcelain and took in large amounts of silver.
Mercantilism emphasizes accumulating bullion and maintaining a favorable balance of trade; in the 1600s China exported silk, tea, porcelain and took in large amounts of silver.
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