23
QuizMultiple Choice

Unit Test — Unit test

Question 23 • FL-2109310-World History

What is the best definition for mercantilism?

Answer
A
an economic policy in which investors buy shares in a company in order to share the risks and profits
B
an economic policy in which countries collect gold or silver and control trade
C
an economic system in which individuals own businesses
D
an economic system in which money is put into something, such as a business, in order to make a profit

Explanation

Mercantilism was an economic policy in which a country sought to build wealth by accumulating gold and silver and controlling trade, often through colonies and trade restrictions. Therefore, choice B, “an economic policy in which countries collect gold or silver and control trade,” is the best definition. The other choices describe investing or private ownership, not mercantilism.

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