Question

in the diagram below, what economic system is being shown? diagram content: mother countrys treasury with gold and silver, balance of trade (more exports, fewer imports, favorable), and a trade cycle between mother country (exports manufactured goods) and colonies (exports gold, silver, fur, lumber, food stuffs) options: mineralism, mercantilism, feudalism, capitalism

Explanation:

The diagram shows a mother country and colonies with a favorable balance of trade (more exports, fewer imports) and the mother country accumulating precious metals from colonies (colonies provide raw materials, mother country sends manufactured goods). Mercantilism is an economic system where nations sought to accumulate wealth (precious metals) via favorable trade balances and colonial exploitation, matching this diagram. Mineralism is not a recognized economic system, feudalism is a social/political system, and capitalism focuses on private ownership and free markets, not this colonial - mother country trade structure.

Answer:

B. Mercantilism