Which of the following ideas is not part of the economic theory of Mercantilism?
a. Only a limited amount of wealth exists in the world
b. Nations must increase their wealth in order to increase power
c. Nations should maximize their precious metals holdings
d. Colonies should be formed in order to gain access to raw materials
e. Colonies should develop manufacturing and export their manufactured goods
Scroll down for the answer!
Disclaimer: This question is just for testing your knowledge of AP US History… it is not intended to be a “sample question” from the AP US History Exam! That’s what APUSH practice tests are for.