How Does the Rate of Return Earned on Capital in Various

question 37

Essay

How does the rate of return earned on capital in various industries equalize over time? Do the wages earned by labor in different industries and the interest rates for different assets also equalize in the long-run? Why?

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Definitions:

Stono Revolt

A slave rebellion that began on September 9, 1739, in the colony of South Carolina, being one of the largest slave uprisings in the British mainland colonies.

Slave Laws

Legal statutes and regulations that were established to govern the status, sale, and treatment of enslaved individuals, predominantly in the pre-Civil War United States.

Educated Colonists

Refers to the colonial American settlers who had access to education and literacy, playing a significant role in shaping early American society.

Independence

The condition of a nation, country, or state which exercises self-government, and sovereignty, free from external control.