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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
Communism
B
Free Market
C
Socialism
D
Mercantilism
3) Which economic system has the most government involvement?
A
Capitalism
B
Mixed Economy
C
Free Market
D
Mercantilism
4) Mercantilism is designed to benefit _____
A
Consumer
B
Producer
C
Market
D
Government
5) Being free from government coercion or restrictions.
A
Negative Liberty
B
Democracy
C
Republicanism
D
Sovereignty
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
Free Market
B
Government needs are more important than consumers
C
Centrally planned
D
Similar to socialism and communism
8) What was the result of mercantile trade restrictions?
A
Abundance of choice
B
Tension in the colonies
C
Trade war with Germany
D
Prosperity in the colonies
9) What law established mercantilism in the colonies?
A
Mayflower Compact
B
Charter of the Virginia Company of London
C
Wealth of Nations
D
Navigation Acts
10) Which is NOT a result of free market capitalism?
A
Customization
B
Better quality
C
Higher prices
D
Lower prices
11) Capitalism is a better system than mercantilism because the quality goods increase and the prices decrease due to _________.
A
Government policy
B
Regulation
C
Competition between businesses
D
Taxes
*select an answer for all questions
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