Praxis II Government/Political Science Exam Prep

Answer: C - Mercantilism is an economic theory that advocated trade as a society’s chief wealth-building mechanism. It encouraged colonization because colonies were generally less developed regions in which there were one or more abundant natural resources that could be used in manufacturing. A state's own colonies often became their biggest customers since they were not industrially well developed and their trade policy was largely dictated by the colonizing power.