The Scholar Thomas Craemer Has Calculated the Hours Worked by Enslaved

question 69

Multiple Choice

The scholar Thomas Craemer has calculated the hours worked by enslaved black men, women, and children from 1776 (the Declaration of Independence) to 1865 (the official end to slavery) . He estimated that the cost of reparations for this largely uncompensated labor would be in the range of ________________.

• A) $500 million to $1 billion.
• B) $50 billion to $250,000 billion.
• C) $350,000 billion to $500,000 billion.
• D) $850,000 billion to $1 trillion.
• E) $5.9 trillion to $14.2 trillion.

---

Definitions:

Contribution Margin Ratio

The percentage of sales revenue remaining after variable costs are subtracted, indicating how much contributes to covering fixed costs and generating profit.

Fixed Expenses

Costs that remain constant regardless of the level of production or business activity.

Sales

The total revenue generated from goods or services sold by a company during a specific period.

Residual Income

A measure of the excess profit that exceeds the required rate of return on investment.