Benjamin Franklin Believed a Major Reason for Colonial Population Growth

question 38

Multiple Choice

Benjamin Franklin believed a major reason for colonial population growth was

• A) government bounties for large families.
• B) English immunity to contagious diseases.
• C) rapid advances in medical science.
• D) couples marrying later than in Europe.
• E) an abundance of cheap land.

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Definitions:

Break-Even Sales

The amount of revenue needed to cover total costs, at which point a business neither makes a profit nor incurs a loss.

Margin of Safety

Represents the difference between actual or planned sales and the break-even sales, indicating the amount by which sales can drop before the business incurs a loss.

Contribution Margin Ratio

A financial metric that measures the proportion of sales revenue that exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.

Variable Costs

Costs that vary in direct proportion to changes in levels of an activity or production volume.