What Was Key to Making the Enslavement of Africans an Enduring

question 11

Multiple Choice

What was key to making the enslavement of Africans an enduring economic and social institution in colonial America?

• A) Slavery became perpetual, as the children of slaves were slaves too.
• B) Africans were less likely to run away than Native Americans.
• C) Racism had existed since ancient times in England.
• D) Africans fell under the purview of English common law.

Analyze the effect of R&D expenditures on a firm’s profitability.

Distinguish between the marginal cost and the marginal benefit of R&D spending.

Explain the significance of the interest-rate cost-of-funds curve being perfectly elastic.

Understand the role of diminishing marginal returns in shaping the expected-rate-of-return curve for R&D investments.

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Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events happen with a known constant mean rate and independently of the time since the last event.

Standard Deviation

An assessment of the range or distribution spread within a set of numbers.

Nuclear Power Plant

A facility that generates electricity by using nuclear reactions to produce heat, which then is used to power steam turbines.

Discrete Random Variables

Variables in statistical analysis that can take on a countable number of distinct values, often representing occurrences.