Which of the following was one of the economic results of European exploration and colonization?

A.

Europeans had to pay higher prices for imported goods.

B.

European nations had new sources of raw materials and other resources.

C.

European nations became less interested in international trade.

D.

Europeans had to pay large amounts of money to the people that they had colonized.

European nations had new sources of raw materials and other resources.

Answer: Option B

Explanation:

When the Europeans spread across the native colonists they brought in various raw materials like sugar and also many new resources. They attained their trading position in the native colonies which aided to the economic development of the natives

The economic historians share the fact that the living standard of the people increased after colonization. The European exploration and colonization increased the economic opportunities hence increase in wages of the colonist. Then the natives became cash dependent instead of hunting and farming.