Mercantilism Was a System

question 44

Multiple Choice

Mercantilism was a system:

• A)under which each government directly owned and controlled all corporations.
• B)by which imperial governments used military power to enrich themselves.
• C)that eliminated all private enterprises.
• D)that encouraged free markets in colonies.
• E)that used private ships to transport goods to other countries.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the quantity of values.

Bell Shaped Distribution

Also known as a normal distribution, it is a probability distribution that has a symmetrical bell-shaped graph, indicating that most of the data points are concentrated around the mean.

Supply And Demand

Fundamental economic principles that describe the relationship between the availability of a product or service (supply) and the desire of potential buyers (demand).

Bell Shaped Distribution

A probability distribution that is symmetrical and tapers towards the tails, resembling a bell; commonly known as the normal distribution.