Author Question: What was mercantilism? A) An economic theory carefully elaborated by Adam Smith in The Wealth of ... (Read 76 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
What was mercantilism?
 
  A) An economic theory carefully elaborated by Adam Smith in The Wealth of Nations
  B) The theory that a nation's power was measured in its wealth; to maximize wealth, a country would need to export more than it imported
  C) A colonial American policy of trading primarily with England in order to strengthen political and economic ties
  D) A theory of business organization in which merchants formed joint stock companies to pool their capital
  E) The belief that the most effective way to escape from the Long Depression was to increase imports of agricultural goods

Question 2

Which of the following statements about Georgia is not correct?
 
  A) It was supposed to flourish by exporting expensive commodities such as wine and silk.
  B) For a time it was the only English colony where slavery was forbidden.
  C) It was created in part from land bought from the Creek Indians.
  D) In its first decade, half of Georgia's immigrants came from Germany, Switzerland, and Scotland, and most had their overseas passage paid by the government.
  E) It was populated by large numbers of shiftless debtors who otherwise would have had to rot in jail.



joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

B

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

For a complete list of videos, visit our video library