The economic policy of mercantilism first developed during the ?
Correct answer: A. Age of Exploration
- A. Age of Exploration
- B. Enlightenment
- C. Cold War
- D. Green Revolution
Explanation
Mercantilism developed during the Age of Exploration, when European states sought wealth through overseas trade, colonies, and accumulation of precious metals. The Enlightenment came later and emphasized reason, individual rights, and freer markets.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation's strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
Cocoa is a tropical plant and requires heat and moisture. Which of the following countries is leading in cocoa productions in the World ?
Which country has the largest area in the world ?
Which statement best describes how a command economy functioned in the Soviet Union ?
Which statement best explains China's economic shift towards capitalism in the 1980s and early 1990s ?
Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?