What Long-Term Effect Did Slavery Have on the Economies of the European

question 23

Multiple Choice

What long-term effect did slavery have on the economies of the European countries and the United States?

• A) Slavery formed the basis of the multiethnic modern world of the leading democracies.
• B) Tensions existed in these countries between those who were for and against slavery.
• C) Slavery enabled the accumulation of capital that later fuelled economic development.
• D) Slavery slowed the growth of technology because manual labour was so inexpensive.

---

Definitions:

Volume Discounts

Price reductions given to customers who buy in large quantities, aimed at encouraging bulk purchases.

Incentive Obstacles

Challenges faced in creating or maintaining motivation among stakeholders, often due to misaligned goals or insufficient rewards.

Compensation Plan

A structured policy designed by businesses to remunerate its employees, which can include salaries, wages, bonuses, and commissions.

Supply Chain Coordination

The practices and processes aimed at integrating activities and optimizing efficiencies across the supply chain to better serve the end customer.