What Was the Primary Effect of Technical Advances in the Cotton

question 37

Multiple Choice

What was the primary effect of technical advances in the cotton industry on slavery?

• A)The advances eliminated slavery in Europe.
• B)The lives of slaves were greatly improved by cotton clothing.
• C)Slavery became much more profitable.
• D)The primary employers of slaves became textile factories.
• E)Increased numbers of slaves died from lung diseases associated with cotton fiber.

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Definitions:

Monopolistic Competitor

A firm that operates in a market structure characterized by many competitors selling differentiated products.

Perfect Competitor

A firm in a market structure where it takes the prevailing market price as given and decides its output level without being able to influence the market price.

Long Run

A period in economics during which all factors of production and costs are variable, and firms can enter or exit the industry.

Monopolistic Competitor

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.