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Which statement best describes a key aspect of mercantilism? (1) removing tariffs to increase free trade between empires (2) acquiring colonies to provide a favorable balance of trade (3) eliminating private ownership of the means of production (4) encouraging subsistence agriculture

Ashley Howard

in History

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Nicholas Rivera on June 13, 2018

(2) the Acquisition of colonies to provide a favorable balance of trade.Mercantilism was the theory that trade generates wealth and of the pairs, so that the collection of colonies that stimulate the trade would fall under the mercantilism.


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