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Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
Economicsmedium
Atraditional
Bfeudal
Ccommand
mercantile
Correct Answer: D. mercantile
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