Defenders of Slavery Claimed All of the Following Except

question 38

Multiple Choice

Defenders of slavery claimed all of the following except

• A)elderly slaves were freed when they became unable to work.
• B)slaves never had to worry about losing their jobs.
• C)slaves received free medical care.
• D)in general,slaves were better off than white wage earners in the North.
• E)slaves did not have to worry about having their wages cut.

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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.