Which of the Following Statements Is True of Plantation Life

question 2

Multiple Choice

Which of the following statements is true of plantation life?

• A) Once established, a plantation could basically run by itself.
• B) Most fixed costs for plantations were quite low.
• C) The fact that plantation families seldom moved created a great deal of stability.
• D) The suicide rate was twice the rate of Northern factory workers.
• E) Psychological strains compounded economic woes.

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Definitions:

Total Cost Curves

A graphical representation showing how the total cost of production changes with the level of output, typically upward sloping due to rising production costs.

Extraction Cost

The expenses associated with removing natural resources from the earth, such as mining or drilling.

User Cost

The cost of utilizing a good or service, considering the opportunity cost of not using the asset in an alternative way.

User Cost

The opportunity cost of using a good, service, or resource, including the cost of foregoing the next best alternative use.