APUSH American History I - U1-3: Mercantilism Question Preview (ID: 52847)


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Which economic system has the most government involvement?
a) Mercantilism
b) Mixed Economy
c) Capitalism
d) Free Market

Which economic system has the least government involvement?
a) Mercantilism
b) Socialism
c) Communism
d) Free Market

True or False: The government is heavily involved in the economy.
a) True
b) False
c)
d)

Mercantilism is designed to benefit _____
a) Consumer
b) Producer
c) Government
d) Market

Being free from government coercion or restrictions.
a) Democracy
b) Republicanism
c) Negative Liberty
d) Sovereignty

True or False: A Free market economy can work like an auction.
a) True
b) False
c)
d)

Which is NOT true of mercantilism?
a) Centrally planned
b) Similar to socialism and communism
c) Free Market
d) Government needs are more important than consumers

What was the result of mercantile trade restrictions?
a) Tension in the colonies
b) Prosperity in the colonies
c) Trade war with Germany
d) Abundance of choice

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

Which is NOT a result of free market capitalism?
a) Lower prices
b) Higher prices
c) Better quality
d) Customization

Capitalism is a better system than mercantilism because the quality goods increase and the prices decrease due to _________.
a) Competition between businesses
b) Government policy
c) Regulation
d) Taxes

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