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Which idea is most closely associated with the
economic concept of mercantilism?
(1) Colonies exist to provide raw materials and
markets for a colonial power.
(2) Wealth and power are based on land
exchanged between nobles.
(3) Goods and services are traded without
government interference.
(4) Property is owned collectively and
administered by the state.
(1) colonies exist to provide raw materials and markets for a colonial power mercantilism is the policy where a colony sends raw materials to their mother country and the mother country sends back manufactured goods, so this is the only answer that makes sense
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