Which of the Following Is a System in Which Low-Skilled

question 10

Multiple Choice

Which of the following is a system in which low-skilled workers use specialized equipment to produce high volumes of standardized goods?

• A)supply chain
• B)the Internet
• C)craft production
• D)mass production
• E)lean systems

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Definitions:

Industry

A sector of the economy that is made up of manufacturing, production, and services in a particular field or type of product.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary depending on income level, type of income, or other factors.

Monetary Policy

The process by which a central bank or monetary authority manages money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.

Deregulation

Deregulation is the process of removing or reducing government restrictions and regulations in industries to encourage more competition and efficiency.