How Did the End of the International Slave Trade Affect

question 13

Multiple Choice

How did the end of the international slave trade affect Africa?

• A) International pressure compelled African states to abolish slavery.
• B) Reliance on slave labor increased in West and East Africa.
• C) Production of labor-intensive cash crops dropped significantly.
• D) Trade in North Africa shifted from Europe to Pacific Oceania.

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Definitions:

CGT

Capital Gains Tax, a tax on the profit realized on the sale of a non-inventory asset that was purchased at a cost amount that was lower than the amount realized on the sale.

Selling New Common Stock

The process whereby a company issues and sells additional shares of its common stock to investors to raise capital.

Cost of Equity

The return a company requires to decide if an investment meets capital return requirements and it can also be viewed as the risk-free rate of return plus a risk premium.

Capital Budgeting Projects

Capital budgeting projects are long-term investment decisions made by companies to invest in assets and projects for future growth and profitability.