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Reported Question / Answer
Q.) What did mercantilist economic theory stipulate?
1)
That nations should lower tariffs and promote free trade so that all might benefit
2)
That nations should establish colonies to provide cheap natural resources and closed markets for finished goods
3)
That nations should seek to establish monopolies on key resources in order to gain power over other countries
4)
That nations should promote free enterprise and protect public property in order to become more powerful
5)
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Answer :
2
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