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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
False
B
True
2) Which economic system has the least government involvement?
A
Free Market
B
Communism
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
Market
C
Government
D
Producer
5) Being free from government coercion or restrictions.
A
Republicanism
B
Sovereignty
C
Negative Liberty
D
Democracy
6) True or False: A Free market economy can work like an auction.
A
True
B
False
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
Tension in the colonies
B
Prosperity in the colonies
C
Abundance of choice
D
Trade war with Germany
9) What law established mercantilism in the colonies?
A
Wealth of Nations
B
Navigation Acts
C
Mayflower Compact
D
Charter of the Virginia Company of London
10) Which is NOT a result of free market capitalism?
A
Better quality
B
Customization
C
Lower prices
D
Higher prices
11) Capitalism is a better system than mercantilism because the quality goods increase and the prices decrease due to _________.
A
Government policy
B
Competition between businesses
C
Taxes
D
Regulation
*select an answer for all questions
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