Which of the following statements is incorrect with regard to the importance of colonies for mercantilist nations?
A) They served as sources of inexpensive raw materials.
B) They served as markets for higher-priced finished goods.
C) They served as a source of military protection.
D) They served as a source of profits for mercantilist powers.

Question

Quizplus · Accepted Answer

Colonies primarily served economic functions under mercantilism, such as providing raw materials and markets for finished goods, and generating profits for the mother country. They were not primarily intended as sources of military protection, which makes option C incorrect.

Which of the Following Statements Is Incorrect with Regard to the Importance