Answer all subparts of the following question. What is the economists' definition/idea of an institution? What is the economists' definition/idea of culture? Why didn't slavery take hold in the Northern US? Suggest two theories, but don't just name your theories, give a sentence each about why: 1. A geographic theory 2. A cultural theory or an institutional theory Slavery was not just an institution that affected labor; as studied by Gonzalez, Marshall, and Naidu (2017), what role did slavery play in finance and entrepreneurship? Nunn and Wantchekon (2011) showed that the slave trade reduced trust in Africa today. Why? For much of 20th century, female labor force participation among married women was higher for Black women than white women. Give an economic explanation that could link slavery to this fact.