Economic Development and Mercantilism Practice Test

Uniform prosperity across social classes, because protective tariffs reliably increased real wages and reduced inequality in all European regions.

Expansion of state regulation and fiscal capacity, often benefiting favored industries but also raising prices and intensifying rivalry between states.

Elimination of urban manufacturing, as governments redirected investment exclusively into rural agriculture and dismantled workshop production systems.

Rapid abolition of state involvement in the economy, as rulers accepted that markets self-regulate and that tariffs always reduce revenue.

Immediate decline of warfare, since trade restrictions reduced international tensions and removed major causes of diplomatic conflict.