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FSOT: 500 Test Prep Study Questions

Category - World History & Geography

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What was the economic practice of many European nations in the fifteenth and sixteenth centuries in which they sought cheap raw materials from which to create finished products that could be exported to build the nation's wealth, justifying their colonial empires?

free enterprise
mecantilism
barter systems
socialism

Explanation

Answer: B - Mecantilism

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