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Praxis II Government and Political Science

Category - Comparative Politics

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Which economic system stated that the wealth of a nation depended on its total available capital?

Capitalism
Mercantilism
Communism
Feudalism

Explanation

Answer: B - Mercantilism states that the wealth of a nation depends on its total available capital. This theory assumes that wealth and monetary assets, such as gold, are equivalent, discounting other forms of wealth.

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