New Jersey adopted a policy of gradual emancipation slaves that freed male slaves when they reached age 25. This policy meant that slave owners earned a rate of return ______.
A) of zero, because profits during the slave's working years about equaled the costs of rearing a slave.
B) that was about equal to the normal return, because the profits earned up to age 25 exceeded rearing costs by a substantial margin.
C) a very high rate of return because slaves were generally unproductive after their peak years.
D) that cannot be calculated because of a lack of data.
Correct Answer:
Verified
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