-How Did Jan Matzeliger's Complex Lasting Machine Permanently Change the Shoe

question 44

Multiple Choice

-How did Jan Matzeliger's complex lasting machine permanently change the shoe production industry?

• A) Skilled shoe laborers received significant wage increases.
• B) Skilled laborers instead of unskilled workers were now needed to produce shoes.
• C) Skilled shoe laborers were replaced with unskilled laborers.
• D) Shoe production became more expensive since the upper portions of shoes had to be attached to the soles by hand.

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Definitions:

Capital Expansion

Refers to the growth of a company's capital assets through the addition of property, plants, or equipment intended to increase its productivity and capacity for expansion.

Big Mac Index

An informal measure of currency exchange rates using the price of a McDonald's Big Mac as a benchmark to compare the purchasing power parity between two currencies.

The Economist

A renowned international weekly newspaper that focuses on current affairs, international business, politics, technology, and culture.

Exchange Rates

The price of foreign currency; for example, how many dollars we must give up in exchange for marks, yen, and pounds.