Virtually Every Founding Father Owned at Least One Slave at Some

question 87

Multiple Choice

Virtually every founding father owned at least one slave at some point in his life. Who was a notable exception?

• A) George Washington
• B) John Adams
• C) Thomas Jefferson
• D) Benjamin Franklin
• E) James Madison

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Definitions:

Total Costs

The sum of all costs incurred by a business in the production of goods or services, including both fixed and variable costs.

Total Revenues

The total amount of money generated by a firm or entity from its business activities, before any expenses are subtracted.

Average Total Cost

The total cost of production divided by the quantity of output produced; it includes both fixed and variable costs.

Long-Run Equilibrium

Long-run equilibrium occurs when an economy's resources are fully employed and the output and input markets are in balance, with no external forces causing disruption.