According to Estimates by Richard Vedder, Rates of Exploitation for Slaves

question 15

Multiple Choice

According to estimates by Richard Vedder, rates of exploitation for slaves

• A) are similar to those of antebellum manufacturing workers.
• B) indicate that slaves received nearly the full value marginal product of their labor.
• C) equaled 50-65 percent of their value marginal product.
• D) cannot be determined due to inadequate data on maintenance costs of adult slaves.

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Definitions:

New Data

Refers to freshly gathered or produced information that has not been previously recorded or analyzed.

Summary Report

A report generated by a management information system that provides a consolidated picture of detailed data; these reports usually include some calculation or visual displays of information.

Transactions

In computing and database management, a transaction is a sequence of information exchange and work done in database systems that are treated as a single unit of work; it must either complete entirely or not at all.

MIS

Short for Management Information Systems, these are computerized databases of financial information organized and programmed in such a way that they produce regular reports on operations for every level of management in a company.