Which of the Following Statements About British Involvement in Slavery

question 50

Multiple Choice

Which of the following statements about British involvement in slavery and the slave trade is true?

• A)Britain banned the slave trade in 1807 and abolished it in its own colonies in 1833-1834.
• B)Britain banned the slave trade and abolished it in its own colonies in 1833-1834.
• C)Britain banned the slave trade in 1807 but never abolished it in its own colonies.
• D)Britain did not participate in the slave trade but it allowed slavery in its own colonies until 1834.

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Definitions:

Natural Monopolies

Market situations where a single supplier is more efficient in serving the entire market due to high fixed costs and significant economies of scale, commonly seen in utilities.

U.S. Postal Service

A federal agency responsible for providing postal services in the United States, known for delivering mail and packages domestically and internationally.

Natural Monopoly

A market situation where a single supplier is most efficient in producing or supplying goods or services due to high fixed or startup costs.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in the per-unit cost as production increases.