Compared to Slaves in the Past, Modern Slaves Today Are

question 113

Multiple Choice

Compared to slaves in the past, modern slaves today are

• A)more likely to be treated well because the world has become more humane.
• B)more likely to be controlled by violence, the threat of violence, and/or debt.
• C)more valuable, which gives the slave-holder incentive to provide a reasonable standard of care.
• D)more educated and better able to defend themselves against unscrupulous slave holders.

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Definitions:

Short Run

A timeframe in economic terms where firms can adjust production levels only by changing variable inputs, with fixed inputs remaining constant.

Long Run

In economics, a period during which all factors of production and costs are variable, allowing for full industry adjustment to change.

Lowest Price

The minimum price at which a product or service is offered in the market.

Short Run

A period in economic theory during which at least one input is fixed while others are variable.