An economy has 10 slave owners and 500 slaves. Explain insution of slavery is pareto optimal in this case
Answers
Answered by
25
Answer:
Soltow reports that the average Total Estate in the South in 1860 was $3978, as compared to just $2040 in the North. Given that the average slave price in 1860 was $800, if Southern wealth was exclusively slaves, that amount would equate to just over 5 slaves.
Similar questions
Biology,
6 months ago
Computer Science,
6 months ago
Math,
6 months ago
Computer Science,
11 months ago
Physics,
1 year ago
Chemistry,
1 year ago