Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which one of the following economic activities
Q7: Describe some of the economic obstacles to
Q8: Explain why Eli Whitney's cotton gin,a technological
Q9: The majority of people living in colonial
Q10: Private profits provided colonial producers with incentive
Q12: Regional specialization did not emerge in the
Q13: In the New England colonies,<br>A) long winters,
Q14: The colonial region with the smallest deficit
Q15: New England possessed a comparative advantage in
Q16: Using the concept of opportunity cost,explain why