Which accurately describes the role of mercantilism in the role of trade for European countries during the 16th century?
European nations aimed to maximize the purchase of imports while minimizing the sale of exports.
European nations aimed to decrease how much merchants were taxed, believing this would increase trade and the nation’s wealth.
European nations aimed to maximize the sale of exports while minimizing the purchase of imports.
European nations aimed to loosen trade restrictions on merchants, believing this would increase trade and the nation’s wealth.
i think it might be d im not sure
The answer is C because they wanted to sell their goods (exports) for the most money possible, and they wanted to buy stuff from other countries (imports) for as little as possible.
Just tried D on my test and was incorrect, just fyi
thank u for that process of elimination!
@Zach I tried A and it was incorrect, too, so it has to be B or C. I'm pretty sure it's C.
its not b i just got it wrong
Answer: C European nations aimed to maximize the sale of exports while minimizing the purchase of imports
To determine the accurate role of mercantilism in the trade of European countries during the 16th century, let's examine the options provided.
Option A suggests that European nations aimed to maximize the purchase of imports while minimizing the sale of exports. However, this statement does not align with the principles of mercantilism. Mercantilism promoted the idea of maximizing exports to generate wealth and minimize imports to protect domestic industries.
Option B proposes that European nations aimed to decrease merchant taxes, believing that it would increase trade and the nation's wealth. While reducing taxes may have been a concern for some European countries, it does not fully encompass the role of mercantilism. Mercantilism focused on using regulations and trade policies to maximize national wealth through a favorable balance of trade.
Option C suggests that European nations aimed to maximize the sale of exports while minimizing the purchase of imports. This statement aligns with the principles of mercantilism. Through policies such as tariffs and subsidies, European countries aimed to promote export-led growth and reduce reliance on imported goods.
Option D states that European nations aimed to loosen trade restrictions on merchants, believing it would increase trade and the nation's wealth. However, this statement does not accurately represent mercantilism. Mercantilism sought to tightly control trade through regulations, monopolies, and protectionist policies to protect domestic industries and accumulate wealth.
Based on these explanations, Option C is the most accurate. European nations during the 16th century aimed to maximize the sale of exports while minimizing the purchase of imports, in line with the principles of mercantilism.
Possibly.
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