A 1662 Law Changed the Status of Slavery in the Colonies

question 11

Multiple Choice

A 1662 law changed the status of slavery in the colonies by decreeing that

• A) a child followed his or her father's legal status.
• B) a mixed-race child was considered a slave if one parent was enslaved.
• C) a child followed his or her mother's legal status.
• D) any child with African blood was considered a slave.

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Definitions:

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as production of a good or service) more efficiently than another activity.

Opportunity Cost

The loss experienced from bypassing the following superior alternative in the course of decision-making.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.

Corporate Bond

A debt security issued by a corporation and sold to investors, promising to pay back with interest at a future date.