Consistent with the mercantilist theory,the colonies had
A) a trade deficit with England.
B) a trade surplus with England.
C) a balance of trade with England.
D) about an equal number of annual trade deficits and surpluses over the years.

Question

Quizplus · Accepted Answer

Mercantilist theory emphasized that colonies should provide raw materials to the mother country and serve as markets for its manufactured goods, leading to a trade deficit for the colonies.

Consistent with the Mercantilist Theory,the Colonies Had