The Text Compares Two Studies on the Profitability of Slavery

question 33

Multiple Choice

The text compares two studies on the profitability of slavery: one by Phillips and the other by Conrad and Meyer.The main reason for the difference in their results is

• A)Phillips failed to account for the effect of rising marginal product on profitability.
• B)Conrad and Meyer had better data on slave prices.
• C)Conrad and Meyer used data from both northern and southern farms.
• D)Phillips assumed that cotton prices were falling during the antebellum period.

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