Question

What best describes theory of mercantilism?

A.Idea that any rich nation needs to expand by colonizing
B.Idea that any rich nation with colonies must enslave its subjects
C.Idea that colonies of a mother country should practice blind obedience
D.Idea that colonies of a mother country should make home country wealthy

Answer 1

I feel like it’s A. Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal. Imperialism is colonizing