According to mercantilists, what was the purpose of colonies?

Question

(1 point)
Responses

to export manufactured goods to parent countries
to export manufactured goods to parent countries

to import luxuries from parent countries at discounted prices
to import luxuries from parent countries at discounted prices

to provide inexpensive resources and raw materials to parent countries
to provide inexpensive resources and raw materials to parent countries

to reduce competition and tariffs

Answer 1

According to mercantilists, the purpose of colonies was to provide inexpensive resources and raw materials to parent countries.