The Best Explanation for the Greater Reliance on Slavery in the British

question 90

Multiple Choice

The best explanation for the greater reliance on slavery in the British colonies in the Lower and Upper South rather than in its northern American colonies is that __________.

• A) southerners were lazier than northerners
• B) slavery was more profitable in plantation economies
• C) most northerners were morally opposed to slavery
• D) slave traders refused to sell slaves in the North

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Definitions:

Loss on Realization

A financial loss recognized when liquidating assets yields less value than initially recorded on the books.

Income Ratio

A financial metric comparing some form of an entity's income to another, providing insights into financial stability, profitability, or performance.

Capital Account Balances

The amounts recorded in the equity section of the balance sheet, representing owners' contributions and retained earnings in a business.

Liquidation

The process of winding down a company by selling off its assets to pay creditors and distribute any remaining assets to shareholders.