During the Seventeenth Century, Indentured Servants

question 50

Multiple Choice

During the seventeenth century, indentured servants

• A) made up less than one-third of English settlers in America.
• B) had to surrender their freedom for a minimum of ten years to come to the colonies.
• C) had a great deal of trouble acquiring land.
• D) had to pay half of the fare to get them to the New World.
• E) were almost entirely Irish.

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Definitions:

Elasticity of Demand

An analysis of consumer demand's elasticity in relation to the pricing of a commodity.

Subsidy

Financial support extended by the government to an economic sector (or institution, business, or individual) with the aim of promoting economic and social policy.

Highly Elastic

Refers to a strong responsiveness of the quantity demanded or supplied of a good to a change in its price.

Statutorily Granted

Pertains to rights or powers given or enforced by a legislative body or statute.