Even Those Who Did Not Own Slaves in the Pre-Civil

question 1

Multiple Choice

Even those who did not own slaves in the pre-Civil War South supported that institution because they

• A) dreamed of one day owning slaves themselves.
• B) presumed themselves racially superior to black slaves.
• C) were almost always economically better off than the slaves.
• D) admired the virtues and values of the plantation aristocracy.
• E) benefited from the economic growth of the region.

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Definitions:

Long-Term Gains

Profits derived from the sale of an asset held for more than a year.

Cognitive Errors

Mistakes in reasoning, evaluating, remembering, or other cognitive activities, often occurring due to biases or logical fallacies.

Investment Decisions

The process of choosing among different investment alternatives and allocating resources to maximize shareholder value.

Aversion to Ambiguity

The preference to avoid options, decisions, or outcomes with unknown probabilities over those with known probabilities.