The Invention of the Steam Engine Ushered in the Following

question 125

Multiple Choice

The invention of the steam engine ushered in the following developments, except

• A) mass-production in industrial factories, for the first time.
• B) much easier and cheaper transportation of resources and products.
• C) a sharp reduction in trade as many societies specialized.
• D) major population shifts, from farms to towns and cities.

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Definitions:

Spending Declines

A reduction in the amount of money spent by consumers, businesses, or governments, often indicative of economic downturns or budget tightening.

Pure Competition

A market structure where many firms offer a homogenous product, and no single company can influence the market price or terms of sale.