Chapter&nbsp;7+Practice+Test

1) All are true about Mercantilism except: > a) Wealth = power > b) Practiced to increase wealth > c) Wealth = silver + gold > d) If Exporting < Importing, than more gold and silver 2) One of the ways in which mercantilism harmed the colonial economy was

A. a. by prohibiting colonial merchants from owning and operating their own ships. B. b. by inhibiting the development of banking and paper currency in the colonies. C. c. by forcing the colonists to fall into debt through the purchase of goods on credit. D. d. by forcing Virginia tobacco planters to sell their product only in Britain.