Sharecropping Was a Labor System in Which the Landowner Provided

question 12

Multiple Choice

Sharecropping was a labor system in which the landowner provided land, seed, and tools to poor farmers in exchange for

• A)loyalty.
• B)protection from disgruntled landowners.
• C)75% of the landowner's income at harvest time.
• D)a "share" of the crop.
• E)a place of their own.

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Definitions:

Willingness to Pay

The maximum amount an individual is prepared to spend to acquire a good or service or to avoid something undesirable.

Proportional

Relating to or denoting a relationship between two quantities where their ratio remains constant.

Perceived Market Share

The percentage of an industry or market's total sales that is believed to be controlled by a company, as perceived by individuals or entities.

Actual Market Share

The current portion of a market controlled by a particular company, measured by either to the volume or value of its sales.