The "Headright" System, Which Made Some People Very Wealthy, Entailed

question 19

Multiple Choice

The "headright" system, which made some people very wealthy, entailed

• A) using Indians as forced labor.
• B) giving land to indentured servants to get them to come to the New World.
• C) giving the right to acquire fifty acres of land to the person paying the passage of a laborer to America.
• D) discouraging the importation of indentured servants to America.
• E) giving a father's wealth to the oldest son.

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Definitions:

Selling Price

Selling price is the amount a buyer pays to purchase a product or service from a seller.

Variable Cost

Costs that change in proportion to the level of goods or services produced, such as materials and labor costs.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance, providing predictability but fixed financial commitments.

Break-Even Point

The financial point at which total revenues exactly equal total costs, resulting in neither profit nor loss.