When the Assembly Line Was Applied to More Industries,America Entered

question 19

Multiple Choice

When the assembly line was applied to more industries,America entered the:

• A)marketing economy.
• B)agrarian economy.
• C)indigenous manufacturing economy.
• D)production economy.
• E)service economy.

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Definitions:

Economics

The social science that studies how individuals, governments, and societies make choices regarding the allocation of limited resources to satisfy unlimited wants.

Nobel Prize

Prestigious international awards granted annually in several categories including Physics, Chemistry, Medicine, Literature, and Peace, recognizing significant contributions to humanity.

Social Science

The field of scholarly or scientific study that examines society and human behaviors in various contexts.

Business Discipline

Pertains to the adherence to management theories and practices that aim to improve efficiency, productivity, and accountability in business operations.