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Practice Midterm 1 1. According to the Mercantilists, governments should: a. subsidize and encourage imports. b. subsidize and encourage exports. c. allow for free trade

Practice Midterm 1 1. According to the Mercantilists, governments should: a. subsidize and encourage imports. b. subsidize and encourage exports. c. allow for free trade unencumbered by government regulations and restrictions. d. not spend much on national defense

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