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Mercantilism Is an Economic Theory That Suggests That

Question 18

Multiple Choice

Mercantilism is an economic theory that suggests that


A) a nation or a state's prosperity was determined by the total volume of its trade.
B) prosperity depended on business investment, not on consumer demand.
C) consumer demand was central to economic growth.
D) free markets were a natural order that should not be disturbed by state interference with international trade.
E) gold was the basis of all value.

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