Which of the following two statements does not describe mercantilism?

1 - Mercantilism benefited the colonies.

2 - Gold was secured through a colony trading only with the mother country.

3 - Colonies could buy goods from other countries besides the mother country.

4 - Colonies would ship raw materials to the mother country.

5 - Manufacturers sold goods made from raw materials back to the colonies.

Question

History

Chris

24 March, 16:22

Which of the following two statements does not describe mercantilism?

1 - Mercantilism benefited the colonies.

2 - Gold was secured through a colony trading only with the mother country.

3 - Colonies could buy goods from other countries besides the mother country.

4 - Colonies would ship raw materials to the mother country.

5 - Manufacturers sold goods made from raw materials back to the colonies.

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Answers (1)

Know the Answer?

Emanuel Farmer · Answer 1

1 - Mercantilism benefited the colonies.

3 - Colonies could buy goods from other countries besides the mother country.

Explanation:

Mercantilism is an economical policy which aims to increase export and reduce import to rise the value of the nation and decrease any possible current account deficit.

It dominated Europe during the 16th, 17th and 18th centuries, whose main goal was so that the State would exercise a strict control over industry and commerce.