Mercantilism: Protectionism and Trade Quiz

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Mercantilism: Protectionism and Trade: a General level Economics quiz. Test your knowledge with 10 questions!
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Questions

Question 1
What is the main goal of mercantilism?
A Reduce government control
B Maximize gold and silver reserves
C Promote free trade
D Lower export prices
Question 2
What is a 'trade surplus'?
A Exports exceed imports
B Equal trade balance
C No trade at all
D Imports exceed exports
Question 3
Mercantilists believed wealth was based on:
A Free market competition
B Total happiness
C Human capital
D Accumulated precious metals
Question 4
Which policy is typical of mercantilism?
A Encouraging foreign investment
B High tariffs on imports
C Low taxes on consumers
D Free trade agreements
Question 5
Who usually pays the cost of a tariff?
A The exporting country's government
B The consumer
C The shipping company
D The bank

📋 This quiz has 10 questions in total.

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