“when london merchants urge repeal” (january 17, 1766) referred
to “this trade, consisting of british manufactures exported, and of
the import of raw materials from america, many of them used in
our manufactures, and all of them tending to lessen our dependence
on neighboring states,” what economic system was specifi cally being
described?
(a) stochastic
(b) mercantilism
(c) qualitative
(d) keynesian
(e) laissez-faire