In the Eighteenth Century, Which of the Following Was an Argument

question 48

Multiple Choice

In the eighteenth century, which of the following was an argument made against the mercantile system?

• A) The mercantile system did not support mining bullion in the Americas.
• B) The mercantile system promoted free trade between American colonies.
• C) The mercantile system kept people from sharing in the wealth that was circulating around the Atlantic world.
• D) The mercantile system decreased the power of kings and aristocrats.

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Definitions:

Federal Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight, a key economic policy tool used by the Federal Reserve.

Economic Growth

An increase in the production of goods and services in an economy over a period, reflecting a rise in national income and standard of living.

Tax Rate

A tax rate is the percentage at which an individual or corporation is taxed.

Fiscal Policy

Government policies related to taxation and public spending with the aim of influencing economic conditions, including levels of employment, inflation, and economic growth.