Question

which is the most accurate list of mercantilism rules?
○ i. collect gold and silver.
ii. import more goods than what one exports.
iii. provide raw materials to colonies.
iv. sell manufactured goods from colonies to the mother country.
○ i. collect gold and silver.
ii. export more goods than what one imports.
iii. have the colonies provide raw materials.
iv. sell manufactured goods from the mother country to colonies.
○ i. sell gold and silver.
ii. import more goods than what one exports.
iii. sell raw materials to colonies.
iv. provide manufactured goods to colonies.
○ i. sell gold and silver.
ii. export more goods than what one imports.
iii. have colonies sell raw materials.
iv. sell manufactured goods from the mother country to colonies.

Explanation:

Mercantilism is an economic ideology focused on accumulating national wealth (via gold/silver) by maintaining a favorable balance of trade (exports > imports). Colonies exist to supply raw materials to the mother country, which then sells finished manufactured goods back to the colonies.

• The first option reverses trade balance and colony-mother country roles.
• The third option incorrectly focuses on selling gold/silver, importing more, and selling raw materials to colonies.
• The fourth option incorrectly states colonies should sell raw materials (they supply them to the mother country) and starts with selling gold/silver, which contradicts mercantilism's goal of accumulating it.

Answer:

i. Collect gold and silver.
ii. Export more goods than what one imports.
iii. Have the colonies provide raw materials.
iv. Sell manufactured goods from the mother country to colonies.