Question

Which of the following two statements does not describe mercantilism?

Answer 1

The third and the first statements, I believe. I could be wrong.

Answer 2

Answer:

1- Mercantilism benefited the colonies.

3- Colonies could buy goods from other countries besides the mother country.

Explanation:

Mercantilism is an economic policy or set of economic measures that dominated the European scene during the sixteenth, seventeenth and eighteenth centuries, whose main premise was that the State should exercise strict control over industry and commerce, with interest and intention to increase the power of the nation by promoting a positive balance in the balance of payments by making exports exceed in value to imports.

That is why we can say that Mercantilism was not positive for the colonies, since this system only benefited European metropolis. On the other hand, it should be noted that the colonies could only trade with their motherland, they were strictly prohibited from trading with other nations.