In 1913, It Took 13 Hours to Produce One Automobile

question 57

Multiple Choice

In 1913, it took 13 hours to produce one automobile. By 1925, Henry Ford's new plants were producing one car every __________.

• A) 10 seconds
• B) hour
• C) 90 minutes
• D) two hours

Examine the major imports and exports of the United States and their significance in global trade.

Discuss different production resource intensities and provide examples.

Compare the effectiveness of tariffs and quotas in blocking imports.

Explain the reasons nations engage in international trade.

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Definitions:

Railroad's Tracks

The physical infrastructure consisting of the steel rails on which trains run, crucial for the transport of goods and passengers over land.

Credit Counseling

A service that offers guidance on how to improve credit scores and manage debt effectively.

Not-for-profit Organization

A not-for-profit organization is a type of organization that does not earn profits for its owners but uses the funds for its goals.

Freshmen

Students in their first year of study at a secondary or postsecondary educational institution.