FIRST CONTACTS 28000 BCE 1821 CE
SPANISH COLONIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Red and blue are correct
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the idea that the wealth of a country is based on how much gold and silver it has
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the idea that trade must be favorable:a country should sell more than it buys
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none of these answers describe mercantilism
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Detailed explanation-1: -Mercantilism was a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices. Its goal was to increase the supply of a state’s gold and silver with exports rather than to deplete it through imports.
Detailed explanation-2: -The economic policy that is designed to maximize exports and minimize imports for an economy is called Mercantilism. Mercantilists believed that a country’s strength stemmed from its wealth. Hence, they placed a higher value on precious metals such as gold and silver.
Detailed explanation-3: -What is the most accurate list of mercantilism rules? collect gold and silver, export more goods than what one imports, have the colonies provide raw materials, sell manufactured goods from the mother country to colonies.