Before the 18th Century, What Was the More Common System

question 7

Multiple Choice

Before the 18th century, what was the more common system for entrepreneurial production?

• A)slave labor
• B)the putting-out system
• C)the factory system
• D)government work
• E)collective work sites

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Definitions:

Bushel

A unit of volume that is used in the United States for measuring agricultural commodities, such as grains.

Bananas

A type of fruit that is elongated and curved, with soft flesh rich in starch and covered with a rind, which may be green, yellow, red, purple, or brown when ripe.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Specialization

The practice of focusing on a narrow area of work or study to gain efficiency or expertise.