Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

The Mercantilism Quiz
5 Questions
0 Views

The Mercantilism Quiz

Created by
@AdvancedCliff

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

According to the theory of mercantilism, what was considered the mainstay of national wealth and essential to vigorous commerce?

  • Imports
  • Exports
  • Trade surplus
  • Gold and silver (correct)

    • What was the main tenet of mercantilism?

  • Importing more than exporting
  • Using gold and silver as currency
  • Maintaining a trade surplus (correct)
  • Accumulating foreign goods

    • According to Thomas Mun, what was the ordinary means to increase wealth and treasure?

  • Currency exchange
  • Domestic trade
  • Foreign trade (correct)
  • Investments

    • What would happen if a country imported goods from other countries according to mercantilism?

    <p>There would be an outflow of gold and silver</p> Signup and view all the answers

    According to mercantilism, what would a country achieve by maintaining a trade surplus?

    <p>Increased national wealth, prestige, and power</p> Signup and view all the answers

    More Quizzes Like This

    The Creation of Humans
    10 questions

    Torah Commandments Quiz: Test Your Knowledge

    Rabbi Karp avatar
    Rabbi Karp
    The Jewish Community
    10 questions

    The Jewish Community

    Rabbi Karp avatar
    Rabbi Karp
    The Age of Exploration &amp; Colonization Unit 3-11
    20 questions

    The Age of Exploration &amp; Colonization Unit 3-11

    ManageableScholarship avatar
    ManageableScholarship
    The Age of Mercantilism: European Economic Dominance
    5 questions

    Mercantilism Meaning for Kids: European Economic Dominance Quiz

    LikedPrehistoricArt avatar
    LikedPrehistoricArt
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser