British colonialism was guided by mercantilism. Under this system, what was the purpose of colonies?
They were a source of labor for British industries and provided a market for British goods.
They provided raw materials for British industries and provided a market for British goods.
They were a source of slaves for farmers in Britain and were centers of British manufacturing.
They provided markets for raw materials from Britain and were centers of British manufacturing.

They provided raw materials for British industries and provided a market for British goods.

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

what are the answer choices?