Question

What was a common policy under mercantilism?

A. Seeking religious freedom
B. Restricting imports
C. Eliminating exports
D. Ending colonies

Answer 1

The correct option is B: Restricting imports

Mercantilism is an economic policy that some countries take to protect the inner commerce. It was very popular in Europe between the 16th and the 18th centuries, but it is highly criticized nowadays.

The policies taken by the government mainly include:

• Restrict imports

• Make the national industry grow

• Regulate the domestic market

Among others.