Which of the Following Statements Describes the Class of Propertyless

question 74

Multiple Choice

Which of the following statements describes the class of propertyless whites living in the South in the mid-nineteenth century?

• A) Propertyless whites directly benefitted from the institution of slavery.
• B) They worked hard physical jobs as day laborers and enjoyed little respect from other whites.
• C) Planters courted their loyalty by providing gifts and small favors to their families.
• D) Propertyless whites were free but lived in conditions worse than those of many slaves.

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Definitions:

Profit-Maximizing

A strategy where a company seeks to achieve the highest possible profit, often by adjusting output levels or prices.

Units

Basic quantities or measures adopted to quantify and represent variables in quantitative analyses, such as units of measurement in physics or economic units in economics.

Profit-Maximizing

The process or strategy by which a firm determines the price and output level that returns the greatest profit.

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.