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What are weaknesses of the theory of mercantilism? Choose two. Application of the theory reduces the wealth of the nation in the long run. The
What are weaknesses of the theory of mercantilism? Choose two. Application of the theory reduces the wealth of the nation in the long run. The theory invites all kinds of industries to claim they are strategic. When one nation is absolutely inferior to another, the theory is unable to provide any advice. The theory has not been comprehensively tested. The theory leads to inefficient allocation of resources. Many new products are now launched simultaneously around the world
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