Question

Match each economic term to its description.

Answer 1

1. established government policies that favored merchants and protected the nation’s economy is mercantilism. They wanted to strengthen national economies by introducing policies of trading that suited only the main nation and not other nations.



2. encouraged capitalists to save money is insurance companies. If you have accumulated wealth then the insurance companies give you better premiums because it is not expected that they might fail.



3.allowed investors to engage in speculative trading is banks. They did it a lot before the great depression which is why the great depression began in the first place when the system started collapsing.

Answer 2

IF YOU ARE ON PLATO THIS IS CORRECT i took the test and the verified answer was wrong.

mercantilism is 1

banks is 2

isurance companies is 3