An economic system that focuses on supply and demand in the marketplace and emphasizes minimal government regulation of the economy is called
a. a command economy.
b. mercantilism.
c. colonialism.
d. a laissez-faire economy.
e. socialism.
Question 2
The first wave of European imperialism was characterized by what economic policy?
a. Communism
b. Mercantilism
c. Laissez-faire economy
d. Equal-exchange
e. All of the above are true.
