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APUSH American History I - U1-3: Mercantilism
Test Description: Socialstudiesgames.net
Instructions: Answer all questions to get your test result.
1) True or False: The government is heavily involved in the economy.
A
True
B
False
2) Which economic system has the least government involvement?
A
Socialism
B
Free Market
C
Mercantilism
D
Communism
3) Which economic system has the most government involvement?
A
Free Market
B
Mercantilism
C
Mixed Economy
D
Capitalism
4) Mercantilism is designed to benefit _____
A
Producer
B
Market
C
Government
D
Consumer
5) Being free from government coercion or restrictions.
A
Sovereignty
B
Democracy
C
Republicanism
D
Negative Liberty
6) True or False: A Free market economy can work like an auction.
A
False
B
True
7) Which is NOT true of mercantilism?
A
Government needs are more important than consumers
B
Free Market
C
Similar to socialism and communism
D
Centrally planned
8) What was the result of mercantile trade restrictions?
A
Trade war with Germany
B
Prosperity in the colonies
C
Abundance of choice
D
Tension in the colonies
9) What law established mercantilism in the colonies?
A
Wealth of Nations
B
Charter of the Virginia Company of London
C
Mayflower Compact
D
Navigation Acts
10) Which is NOT a result of free market capitalism?
A
Lower prices
B
Higher prices
C
Customization
D
Better quality
11) Capitalism is a better system than mercantilism because the quality goods increase and the prices decrease due to _________.
A
Regulation
B
Taxes
C
Competition between businesses
D
Government policy
*select an answer for all questions
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