Week 1: Globalization and Mercantilism Quiz

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Questions and Answers

Which country benefited the most from the money made by the colony of North Carolina?

  • France
  • Spain
  • England (correct)
  • Portugal

What economic theory did England follow with the 13 colonies?

  • Mercantilism (correct)
  • Communism
  • Socialism
  • Capitalism

Why did England pass laws exclusively benefiting the British economy in the context of Mercantilism?

  • To encourage American independence
  • To balance trade with imports
  • To strengthen the British nation (correct)
  • To support other European countries

What is the main goal of Mercantilism in terms of trade balance?

<p>Have more exports than imports (A)</p> Signup and view all the answers

In the context of Mercantilism, what is the significance of having more exports than imports?

<p>It promotes economic growth and national strength (C)</p> Signup and view all the answers

What was the purpose of the Navigation Acts passed by the English Parliament?

<p>To ensure a proper mercantilist trade balance (A)</p> Signup and view all the answers

Which of the following goods could not be shipped to foreign nations except through England or Scotland under the Navigation Acts?

<p>Tobacco, rice, and furs (B)</p> Signup and view all the answers

Why did England develop a policy of salutary neglect toward the colonies?

<p>To maintain the colonists' loyalty (A)</p> Signup and view all the answers

What was the effect of the Navigation Acts on colonial trade?

<p>It restricted colonial trade to benefit England. (C)</p> Signup and view all the answers

How did the British change their policy of salutary neglect after the French & Indian War?

<p>They enforced stricter trade laws on the colonies. (B)</p> Signup and view all the answers

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