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Mercantilism Concepts and New France

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Questions and Answers

Which of the following was New France's first economic staple?

Furs

Fish and whaling (correct)

Timber

Corn

According to mercantilism, a country should import more goods than it exports.

False

What is the primary role of colonies under mercantilism?

To provide natural resources to the mother country.

Mercantilism can be summarized as Make raw materials, Money for the __________.

<p>Mother Country</p> Signup and view all the answers

Match the economic concepts with their descriptions:

<p>Mercantilism = Economic theory focused on gold supply and trade balance Exports = Goods sold to other countries Imports = Goods bought from other countries Natural Resources = Materials sourced from colonies for manufacturing</p> Signup and view all the answers