Slaves had incentives to remain docile, not resist their work demands and continue to depend on slavery as an institution according to Elkins (1959).
Indicate whether the statement is true or false
Question 2
How do banks and financial intermediation support economic growth and development?
(a) By helping businesses secure the funds needed for capital accumulation and technology advancements
(b) By assisting customers in buying durable and nondurable goods and services
(c) By financing government expenditures when tax revenue falls below planned spending
(d) By granting loans to foreign-born individuals to invest in countries outside of the U.S.
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