Under the Headright System

question 6

Multiple Choice

Under the headright system,

• A)a colonist received fifty acres of land for every person for whom he paid passage to Virginia.
• B)a head tax was levied on every adult man and woman in the colonies.
• C)only the gentleman class could own land in Virginia.
• D)the Virginia economy successfully diversified.
• E)a tax was levied for each slave brought into the colony.

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Definitions:

Variable Costs

Costs that vary directly with the level of production, such as materials and labor, in contrast to fixed costs which remain constant regardless of production level.

Homogeneous Products

Goods that are identical in quality and features, making them interchangeable in the eyes of consumers.

Indistinguishable

Incapable of being identified as different or distinct, often used in contexts where two or more items appear exactly alike.

MR

In economics, Marginal Revenue, referring to the increase in revenue that results from the sale of one additional unit of output.