Which of the following policies accurately describes the economic policy of mercantilism?
a)It downplayed the role of the government in stimulating economic growth.
b)It discouraged the establishment of overseas colonies.
c)It encouraged trade by abolishing laws that regulated trade.
d)It was based on the belief that a nation's real wealth was measured in its gold and silver treasure.
True
The accurate description of the economic policy of mercantilism can be found by understanding the key principles and characteristics of mercantilism. Here's how you can determine the correct answer:
a) To determine if this accurately describes mercantilism, we need to know if mercantilism emphasized the role of government in economic growth. To find the answer, you can search for information about the role of government in mercantilism.
b) To determine if this accurately describes mercantilism, we need to know if mercantilism discouraged the establishment of overseas colonies. To find the answer, you should search for information about the views of mercantilism on overseas colonies.
c) To determine if this accurately describes mercantilism, we need to know if mercantilism encouraged trade by abolishing laws that regulated trade. To find the answer, you can search for information about the trade policies of mercantilism.
d) To determine if this accurately describes mercantilism, we need to know if mercantilism believed a nation's real wealth was measured in gold and silver treasure. To find the answer, search for information about the beliefs of mercantilism regarding wealth.
By conducting research on these key points, you should be able to identify the accurate description of the economic policy of mercantilism.