Blm 3.3
Name:_____________________________________ Date:_________________________
MERCANTILISM
Mercantilism is an economic system that was used by most European
countries from the 1500s to the 1700s. Answer the matching and
short-answer questions below.
1. Match each term with the correct definition.
trade
A. useful objects
economics
B.a product that is sold to people outside the country
in which it was made
goods
C. to give something and get something else in return
market
D. the study of trade
export
E.a raw material or finished product that is brought into
a country from another country
import
F. somewhere that trading takes place
tax
G.a tax charged on goods as they move from one country
to another
tariff
H.money that people pay to the government to cover the
costs of running the government, providing services,
and building infrastructure, such as roads and bridges
2. Use your understanding of mercantilism to explain why European
countries thought colonies were important for creating wealth.
3. What kinds of resources did the colonies send to Britain and France? What
important goods did the colonies have to import from Britain and France?
BLACKLINE MASTER 3.3: Mercantilism
NEL