Which statement best describes the idea of mercantilism? a period of rebirth from 1300-1600 that started in Florence, Italy. eco
nomic system where the price of goods is based on the principles of supply and demand the process of obtaining goods through bartering A country must export more than they import, colonies were established for the financial benefit of the mother country.
The correct answer is "the idea for colonies to be established for the financial benefit of the mother country". The first describes Renaissance, the second describes a market economic theory, and the third is trade deficit.
