Aulette Asserted That Which of the Following Was the Most

question 46

Multiple Choice

Aulette asserted that which of the following was the most significant in the development of the Postindustrial Revolution?

• A)The expansion of industrial capitalism throughout the world.
• B)Increased investment by U.S.businesses in other countries which moves jobs from the United States to such places as Central America and Asia.
• C)The shift in the economy from manufacturing to information and services which leaves many workers unskilled in the new jobs.
• D)The development of microelectronics,computers,and robotics.

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Definitions:

Profit-maximizing

The process or strategy by which a firm determines the price and output level that returns the greatest profit.

Ethanol

A renewable fuel made from various plant materials, which can be used as an alternative to gasoline.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Profit

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.