The Condition Where Sometimes Individuals and Families Become Slaves by a Choice

question 26

Multiple Choice

The condition where sometimes individuals and families become slaves by a choice forced by extreme poverty is called __________.

• A) traditional slavery
• B) new slavery
• C) absolute poverty
• D) corporate slavery

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Definitions:

Medical Technology

The application of scientific knowledge and devices for the purpose of diagnosis, treatment, and monitoring of diseases.

Labor Productivity Growth

An increase in the efficiency of labor, typically measured as the amount of goods or services produced per hour of labor.

Labor-Capital Ratio

The ratio of labor inputs (workforce numbers or hours worked) to capital inputs (machinery, buildings, and technology) in production processes.

Capital Stock

The total amount of physical and financial assets owned by a business or country, including buildings, machinery, equipment, and shares.