What Was a Consequence of the Increased Supply of Items

question 55

Multiple Choice

What was a consequence of the increased supply of items such as tobacco and sugar in eighteenth-century North America?

• A) Colonists adopted a more sedentary lifestyle.
• B) Southerners bought fewer slaves as tobacco prices fell.
• C) Ordinary people purchased more luxury goods.
• D) The colonies cut back on exports to England.

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Definitions:

Balance of Trade

The difference in value between a country's imports and exports over a certain period, reflecting the country's external trading position.

Goods Surplus

A situation in which the quantity of goods supplied exceeds the quantity demanded at a given price, often leading to price reductions.

Goods Exports

The process of exporting goods that are made within a country to different countries for the purposes of selling or trading.