Which of the Following Was NOT a Key Factor in the Rise

question 48

Multiple Choice

Which of the following was NOT a key factor in the rise of the American manufacturing core in the early 20^th century?

• A)its proximity to natural resources (ex. coal, iron ore)
• B)its location in a warm climate with year-round fair weather for production
• C)its location in an existing population center in order to draw on an existing labor supply
• D)its increased connectivity to a growing network of roads and canals
• E)its location near to the Great Lakes to allow for transport of cargo

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Definitions:

Money Supply

The complete volume of cash and similar liquid resources present in an economy at any specific moment, covering bank deposits, cash, and easily liquidated assets.

Money Supply

Refers to the total quantity of money available in an economy at a specific time, including currency, coins, and balances held in checking and savings accounts.

Interest Rates

The expense incurred when taking out a loan, usually represented as a yearly percentage rate of the principal amount.

Quantitative Easing

Fed purchases of long-term assets to stabilize financial markets, reduce long-term interest rates, and improve the investment environment.