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Questions and Answers
Mercantilists believed in limiting imports and focusing on exporting to strengthen the economy.
Mercantilists believed in limiting imports and focusing on exporting to strengthen the economy.
True (A)
Mercantilists were mainly concerned about achieving a trade surplus.
Mercantilists were mainly concerned about achieving a trade surplus.
False (B)
According to mercantilism, exporting raw materials and importing manufactured goods were considered beneficial.
According to mercantilism, exporting raw materials and importing manufactured goods were considered beneficial.
False (B)
European countries explored new lands to find new resources for import, as their domestic sources were not sufficient.
European countries explored new lands to find new resources for import, as their domestic sources were not sufficient.
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The discovery of the New World created new opportunities for European countries to expand their business through foreign trade.
The discovery of the New World created new opportunities for European countries to expand their business through foreign trade.
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Establishing new colonies was not a strategy used by European countries to increase their foreign trades under mercantilism.
Establishing new colonies was not a strategy used by European countries to increase their foreign trades under mercantilism.
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