Asked by Aaliya Sayed on Jun 13, 2024
Verified
According to the economic theory known as mercantilism,
A) merchants should control the government because they contribute more than others to national wealth.
B) the government should regulate economic activity so as to promote national power.
C) the government should encourage manufacturing and commerce by keeping its hands off the economy.
D) colonies existed as a place for the mother country to send raw materials to be turned into manufactured goods.
E) England wanted the right to sell goods in France, but only to non-Catholic buyers.
Mercantilism
An economic theory and practice, dominant in Europe from the 16th to 18th centuries, that advocated government regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers.
National Wealth
The total value of all economic assets owned by a country, including natural resources, capital goods, and human capital, minus its liabilities.
Economic Activity
Pertains to the action of producing, buying, selling goods and services, and making money within an economy.
- Understand the financial policies implemented by the English government, such as the Navigation Acts, and their influence on the trade patterns of the colonies.
Verified Answer
KE
Kerrington EstradaJun 13, 2024
Final Answer :
B
Explanation :
Mercantilism holds that a country's economic power is directly related to its national power, and thus the government should regulate economic activity to promote national power. This often involves policies such as encouraging exports and discouraging imports, as well as government control and intervention in the economy.
Learning Objectives
- Understand the financial policies implemented by the English government, such as the Navigation Acts, and their influence on the trade patterns of the colonies.