“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?

AStochastic

BMercantilism

CQualitative

DKeynesian

ELaissez-faire