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ankahukuk ankahukuk
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6 years ago
The term mercantilism refers to
 
  A) the economic theory that all economic indicators are based upon supply and demand.
  B) the relationship between a country's imports and exports; in favorable balance, the value of exports exceeds imports.
  C) the principle of taking in less than you are exporting to continue to reach profitability margins.
  D) an economic theory that measures a country's wealth by its stock of precious metals, accrued through a favorable balance of trade.
  E) an economic theory based on a country's ability to be self sufficient for raw materials to succeed.
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doctorfededoctorfede
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6 years ago
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