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History, 11.11.2020 16:40 mikeydog3781
European nations established colonies in the New World because they were relying on an economic system known as mercantilism. Which of the following "rules of thumb" provides the best summary of the theory of mercantilism?A. it's best to import raw materials and export finished productsB. the bigger the population, the stronger the economyC. human labor is cheaper than raw materialsD. don't ever trade with nation's that are economic competitors
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