Which of the Following Arguments Is Consistent with the Claims

question 40

Multiple Choice

Which of the following arguments is consistent with the claims of Robert Fogel (1989) ?

• A) The success of slave labor was tied closely to the number of labor hours per year.
• B) Compared to the slaves, the self-sufficient farmers in the North and those in the South were more likely to not work on Sundays, face a shorter work day and experience regular rest times.
• C) The productivity of slave labor increased with the use of specialization and rhythm.
• D) All of the above.

---

Definitions:

Profitability Index

A calculation used to assess the relative profitability of an investment, computed as the present value of future cash flows divided by the initial investment cost.

Present Value

The current value of a future sum of money or stream of cash flows, discounted at a specific interest rate.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.