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.
1 answer
China received payment for goods in gold and silver.
1 answer