The Following Questions Refer to the Excerpt Below

question 9

Multiple Choice

The following questions refer to the excerpt below.
"…It follows,from what has been stated,that it is a great and dangerous error to suppose that all people are equally entitled to liberty.It is a reward to be earned,not a blessing to be gratuitously lavished on all alike-a reward reserved for the intelligent,the patriotic,the virtuous and deserving,and not a boon to be bestowed on a people too ignorant,degraded and vicious to be capable either of appreciating or of enjoying it."
John C.Calhoun,"A Disquisition on Government," 1849
-John C.Calhoun reveals here that many Southerners' based their arguments in favor of slavery on

• A) support for the Northern labor market.
• B) the economic necessity of the institution.
• C) theories about racial superiority.
• D) the Constitution's protections of states' rights.

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Definitions:

Internal Rate

Often referring to the Internal Rate of Return (IRR), it's the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Outlay

The amount of money spent on a particular expense or investment.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.