Answer:
He serves 3 years
Explanation:
from August 9, 1974- January 20, 1977
Most colonies lacked human labor, therefore, they used slaves to work on plantations in the new found colonies.
The equilibrium is the price that comes out from adding all the direct related costs in producing the good or service. To this total you have to add the indirect costs, for example, taxes, salaries, etc. Add up both results and you will have the price.
The equilibrium price is the price that covers all your expenses, both direct and indirect. With this price you do not lose nor earn any money.
A bank run is where a lot of people simultaneously withdraw money from the same bank. Its when they don't trust their bank. It makes the people at the bank have a bigger chance of loosing their job because the bank might not have enough money to fill their withdrawals.