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Quiz

1 of 25

Capitalism is ______.

an economic approach that promotes the aggressive pursuit of export outlets and the simultaneous protection of domestic markets

a system of economic organization based on private property and free markets

an economic principle asserting that countries should produce and export those goods they can produce at a lower cost than others and import those items that others produce at a lower cost

an economic means to promote equality in trade relationships by guaranteeing that if one country is given better trade terms by another, all other trade partners must receive the same terms

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