The First Economy Based Primarily on the Bondage of Black

question 17

Multiple Choice

The first economy based primarily on the bondage of black Africans was created in

• A) the Azores.
• B) the Canaries.
• C) the Madeiras.
• D) São Tomé.

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Definitions:

Marginal Benefit

The gain in pleasure or value received from the consumption of one more unit of a good or service.

Public Project

A project typically financed and operated by the government designed to serve the public interest or provide a public good.

Majority Vote

A method of decision-making where the option that receives more than half of the votes wins.

Negative Externalities

Costs experienced by a third party not involved in a transaction, arising from production or consumption of goods and services.