Innovations in the Textile Industry Have Led to Fabrics That

question 177

Multiple Choice

Innovations in the textile industry have led to fabrics that help regulate body temperature, reduce wind resistance, and control muscle vibration, all of which help improve athletic performance. This shows how manufacturing can create __________ utility.

• A) time
• B) form
• C) place
• D) possession
• E) market

---

Definitions:

Raw Materials

Basic materials from which products are made, typically extracted from natural resources.

Equilibrium Price Level

The equilibrium price level is the market state where the quantity of goods supplied is equal to the quantity of goods demanded, often considered the ideal balance for market transactions.

Real GDP

The measure of the value of all final goods and services produced within a country in a given period, adjusted for inflation.

Real Wage

The purchasing power of wages, considering the effects of inflation on what can actually be bought with those wages.