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21 October, 10:19

The policy of mercantilism is best described as the idea that-

A. colonies should be self-sufficient economically and free to trade with anyone (answer)

B. government regulation is harmful to a country's economic growth

C. economic prosperity for the ruling country can only be achieved through naval superiority

D. colonies should buy goods from and send raw materials to the ruling country

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  1. 21 October, 10:21
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    Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade
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