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.
