QUESTION IMAGE
Question
- which statements accurately describe the beliefs of a country that operated under the system of mercantilism? circle true or false. our main goal is to become wealthy by having large stockpiles of gold and silver. yes no it is important to have colonies because they supply the natural resources that are needed back home. yes no it is important to have balanced amounts of exports and imports. yes no
Brief Explanations
Mercantilism aimed to increase a nation's wealth, often measured by gold and silver reserves. Colonies were seen as sources of raw materials. Mercantilism emphasized a favorable balance of trade (more exports than imports), not balanced exports and imports.
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