Mercantilism vs Free Enterprise Quiz

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Difference in economic systems

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Crystal Villegas

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Mercantilism vs Free Enterprise Quiz


Froggy Jumps Mercantilism vs Free Enterprise QuizVersión en línea Difference in economic systems por Crystal Villegas 1 What is mercantilism best described as in colonial times? a A free-market system with little government control. b An economic policy where colonies serve the mother country and wealth is measured in gold. c A system where colonies compete freely with no regulation. 2 Which statement describes a key goal of mercantilism? a To rely on a pure market without government intervention. b To increase a nation’s wealth by exporting more than it imports and accumulating gold. c To encourage unlimited trade with no tariffs. 3 In a free enterprise system, who mostly decides what goods are produced? a The monarchy or central authority b The market through supply and demand c Only large corporations, not individuals 4 Which feature is typical of mercantilism? a Minimal government intervention b Strict government controls on trade and navigation acts c Prices set purely by consumer choice 5 Under mercantilism, colonies primarily exist to provide what to the mother country? a Kingdom-wide political power for colonists b Military protection only c Raw materials and markets for goods 6 Which are characteristics of free enterprise? a Private property and competition drive decisions b Government ownership of all businesses c Central planning of all production 7 In contrast to mercantilism, free enterprise emphasizes what in the economy? a All trade approved by the monarchy b Limited government interference and voluntary exchange c Rigid price controls by the state 8 Which concept would best contrast (show the difference betweween) mercantilism and free enterprise? a Role of government in trade and economic development b Civil War battlefield tactics c Geography of the Mississippi River 9 Which outcome is more likely under free enterprise than mercantilism? a Exports taxed to fund government b Colonial monopolies controlled by the crown c Innovation spurred by competition 10 Why did colonists get upset under mercantilist policies? a They had too much political power b They paid high taxes and had restricted trade with other nations c The policies eliminated all trade with Britain

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Mercantilism vs Free Enterprise Quiz

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Mercantilism vs Free Enterprise QuizVersión en línea

por Crystal Villegas

What is mercantilism best described as in colonial times?

Which statement describes a key goal of mercantilism?

In a free enterprise system, who mostly decides what goods are produced?

Which feature is typical of mercantilism?

Under mercantilism, colonies primarily exist to provide what to the mother country?

Which are characteristics of free enterprise?

In contrast to mercantilism, free enterprise emphasizes what in the economy?

Which concept would best contrast (show the difference betweween) mercantilism and free enterprise?

Which outcome is more likely under free enterprise than mercantilism?

Why did colonists get upset under mercantilist policies?