Question

Which is the most accurate list of mercantilism rules?

i. Collect gold and silver.
ii. Import more goods than what one exports.
iii. Provide raw materials to colonies.
iv. Sell manufactured goods from colonies to the mother country.
i. Collect gold and silver.
ii. Export more goods than what one imports.
iii. Have the colonies provide raw materials.
iv. Sell manufactured goods from the mother country to colonies.
i. Sell gold and silver.
ii. Import more goods than what one exports.
iii. Sell raw materials to colonies.
iv. Provide manufactured goods to colonies.
i. Sell gold and silver.
ii. Export more goods than what one imports.
iii. Have colonies sell raw materials.
iv. Sell manufactured goods from the mother country to colonies.

Answer 1

The second list is most accurate.

Explanation: Mercantilism sought to accumulate gold and silver, maintain a favorable balance of trade (export more than import), have colonies supply raw materials to the mother country, and have the mother country sell manufactured goods to its colonies.