Mercantilism was the belief that

question 1 options:

colonists would henceforth be required to pay taxes to the crown to fund their own protection.

a government could tax without consent of the taxpayers for regulating trade.

the purpose of colonies is to economically benefit the mother country.

the english colonies would drop their legal rights and elected assemblies.

The correct option is this: A GOVERNMENT COULD TAX WITHOUT THE CONSENT OF THE TAX PAYERS FOR REGULATING TRADE.
Mercantilism is an economic system of trade that was used from the 16th century to the 18th century.
Mercantilism is the belief that the amount of wealth in a country can be increased by means of trade and that the government should impose trade regulations which favor the economy of the concerned country.

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