Answer:
d. None of the above is correct.
Step-by-step explanation:
In colonial America, labor and capital are at scarce, however, supply of land is very high. In 18th century, about 90% of colonial american population have earned major portion of income through agriculture. Colonial american produce higher output per labor, which lead them to a better living standard than many people living in developed countries. The most important industries of colonial America are Tobacco, ship´s store and ship building.