What was the main belief behind the mercantilist drive to collect gold and silver?

That these metals were the best for making tools

That a nation's power was based on its wealth

That all citizens should have access to precious metals

That gold and silver prevented the spread of disease

In a mercantilist system, what was the primary economic function of a colony?

To develop its own independent government

To serve as a military base for the home country

To provide cheap raw materials like cotton and wood

To create trade agreements with other foreign nations

They were encouraged to trade freely with any nation.

They were only allowed to trade with the ruling country.

They could only trade in manufactured goods, not raw materials.

They paid high taxes to trade with neighboring colonies.

An economic system based on private ownership and free competition.

A policy where nations build wealth by controlling colonial trade.

A traditional system where goods are exchanged based on custom.

A policy that promotes free trade between all nations without taxes.

To keep wealth within the empire

To promote colonial independence

To simplify the tax collection process