Mercantilism and Capitalism Quiz

Quiz
•
Social Studies
•
12th Grade
•
Medium
Mr. Alkire
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main goal of countries under Mercantilism?
To control the means of production
To promote free trade
To encourage competition
To accumulate gold and silver
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic practice believed in hoarding gold and silver?
Mercantilism
Communism
Capitalism
Socialism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between Mercantilism and Capitalism?
Control of economic activities
Focus on international trade
Role of government in the economy
Ownership of means of production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how resources are used and distributed in Capitalism?
Supply and demand
Government policies
Colonial markets
Individual businesses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system became dominant in the 18th century?
Mercantilism
Capitalism
Socialism
Feudalism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical changes accompanied the transition from Mercantilism to Capitalism?
Enlightenment
French Revolution
Industrial Revolution
Renaissance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What led to the development of Capitalism?
State-controlled trade
Colonial markets
Industrial and technological advances
Feudalism
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