Which of the Following Statements Correctly Characterizes the Colonial Commodity

question 35

Multiple Choice

Which of the following statements correctly characterizes the colonial commodity trade deficit?

• A) The Middle colonies had the largest commodity trade deficit.
• B) The Southern colonies exported more to Great Britain & Ireland than they imported.
• C) The colonies experienced commodity trade deficits not only in their trade with England, but also in trade with Southern Europe and Africa.
• D) The colonies had a commodity trade deficit with Great Britain, but a commodity trade surplus once all trades were taken into account.

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Definitions:

Breaking a Contract

The act of violating the terms of a legal agreement, which can result in legal consequences or the need for renegotiation.

Private Individual

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A court decision in which all members of a jury agree on the verdict, whether it be conviction or acquittal in a criminal case.