______ involved the implementation of protectionist polices that excluded foreign goods and subsidized cheap labor in certain industries.

Question

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Mercantilism is the economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. It often involves protectionist policies, such as tariffs on imported goods and government subsidies for domestic industries, to enhance exports over imports.

______ Involved the Implementation of Protectionist Polices That Excluded Foreign