Which of the Following Concepts Was the Basis of Mercantilism

question 20

Multiple Choice

Which of the following concepts was the basis of mercantilism?

• A) The government should attempt to maintain tight regulations and laws to create a favorable balance of trade.
• B) A hands-off approach to colonial development would lead to economic growth favorable to Britain as well.
• C) Encouraging colonists to trade among themselves and avoid shipping goods to Britain and Europe would produce the best economic outcomes.
• D) Close relations between British merchants and Native Americans would avoid future conflicts and violence.
• E) Close economic ties to Spain would weaken the French presence in North America and thereby result in Britain's dominance.

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Definitions:

Political Strategy

The plan of action designed to achieve a particular goal in the realm of politics, often involving power dynamics and negotiation.

Promotion Committee

A group of people tasked with reviewing and deciding on the advancement or elevation of employees within an organization.

Politicking Strategy

A plan or approach employed in navigating or influencing political landscapes or organizational politics for specific outcomes.

Coalition Building

The process of assembling a group of stakeholders or organizations to achieve a common goal or address a specific issue through collective effort.