All of the Following Are True Statements About the Black

question 1

Multiple Choice

All of the following are true statements about the Black Codes except  

• A) blacks were forced to work under labor contracts for little money for one year.
• B) blacks who fled their employers could be dragged back to work by a paid "Negro-catcher."
• C) they restricted the conditions under which blacks could legally marry.
• D) blacks who fled could be made to forfeit back wages or hired out to pay their fines.
• E) they were designed to reproduce the master-slave relationship after slavery was abolished.

---

Definitions:

Average Fixed Cost

Fixed cost divided by the quantity of output

Perfectly Competitive

A market structure characterized by many sellers and buyers, homogeneous products, no barriers to entry or exit, and perfect information, leading to optimal allocation of resources.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Marginal Cost

The financial outlay for creating an additional unit of a good or service.