In Mercantilism a "Favorable balance of trade" for the mother country would result in: More IMPORTS than EXPORTS for ENGLAND More EXPORTS than IMPORTS for ENGLAND More IMPORTS than EXPORTS for the COLONIES O More EXPORTS than IMPORTS for the COLONIES

More EXPORTS than IMPORTS for ENGLAND

Explanation:

Mercantilism was the dominant economic theory in Europe from the 16th to the 18th century. It believed that the wealth in the world was finite and so to gain as much of the wealth as possible, a country had to export more than it imported.

For this reason countries such as England imposed tariffs on goods from other countries in order to discourage imports. At the same time however they tried to export their goods especially to colonies which were barred from trading with other countries.

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