Which of the following economic policies reflects the mercantilist thinking shared by all European rulers in the early-modern period (1450-1750)?Group of answer choicesGuaranteeing religious freedomPromoting capital investmentsAccumulating bullion (unminted gold and silver)Encouraging free trade
Question
Which of the following economic policies reflects the mercantilist thinking shared by all European rulers in the early-modern period (1450-1750)?Group of answer choicesGuaranteeing religious freedomPromoting capital investmentsAccumulating bullion (unminted gold and silver)Encouraging free trade
Solution
The economic policy that reflects the mercantilist thinking shared by all European rulers in the early-modern period (1450-1750) is Accumulating bullion (unminted gold and silver).
Mercantilism is an economic theory that advocates for a positive balance of trade, mainly through the accumulation of precious metals like gold and silver (bullion). This was a common practice among European rulers during the early-modern period as they believed that national wealth and power were best served by increasing these reserves. This is in contrast to policies like promoting capital investments or encouraging free trade, which are more aligned with later economic theories such as capitalism. Guaranteeing religious freedom, on the other hand, is not an economic policy.
Similar Questions
xplain the conditions that were viewed as obstacles to the economic exchange andgrowth by the new commercial classes during the nineteenth century in Europe
The term "mercantilism" can best be defined as:Question 5Select one:a.An economic system in which there is private ownership (as opposed to state ownership) and where there is an impetus to produce profit, and thereby wealth.b.When children tend to enter the same or similar occupation as their parents.c.An economic policy based on national policies of accumulating silver and gold by controlling markets with colonies and other countries through taxes and customs charges.d.An economic system in which there is government ownership (often referred to as "state run") of goods and their production, with an impetus to share work and wealth equally among the members of a society.
-----------------established the European Economic Community, which created the first common European market.Group of answer choicesLisbon TreatyTreaty of RomeMaastricht TreatyTreaty of Nice
How were European economic systems in the American colonies in the 1500s and 1600s different from existing economic systems in Europe?
Which of the following economic activities flourished in the Middle colonies?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.