Examine the Image of Black Slaves Working a Machine That

question 13

Multiple Choice

Examine the image of black slaves working a machine that was published in Harpers Weekly in 1869.What development of the late-eighteenth century does the activity of the men in the image reflect?

• A) The machine is the cotton gin, reflecting the expansion of cotton and slavery after 1793.
• B) The machine is a shotgun, reflecting the practice of hunting by slaves on plantations.
• C) The machine is an automobile, reflecting the use of cars on plantations.
• D) The machine is a wheat grinder, reflecting the expansion of grain crops in the South.

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Definitions:

Output

The total amount of goods or services produced by a person, machine, or industry during a given period.

Price Taking Firm

A company that must accept the market price for its product, as it has no power to influence the price due to intense competition or market conditions.

Maximum Profit

The highest possible financial gain an entity can achieve in a given period, usually by optimizing sales and minimizing costs.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and no barriers to entry or exit.