How Did Europe's Trade Balance with the Rest of the World

Multiple Choice

How did Europe's trade balance with the rest of the world change during the Industrial Revolution?

A) It went from a surplus to a deficit as Europeans scrambled to buy large amounts of raw materials from overseas.
B) It went from a surplus to a deficit as the European bourgeoisie purchased new luxury goods from Asia.
C) It went from a deficit to a surplus as Europeans sold manufactured goods around the world.
D) It went from a deficit to a surplus as Europeans extracted nearly all their raw materials domestically.