Which of Following Was True of the Mechanization of Machine

question 65

Multiple Choice

Which of following was true of the mechanization of machine tools that occurred as a result of the Market Revolution?

• A)It led to the introduction of the system of interchangeable parts.
• B)It led to a rise in the prices of luxury goods.
• C)It led to the manufacturing of products at a more expensive rate than before.
• D)It resulted in the decline of the "putting out" system.
• E)It failed to stop the handcrafting of products.

Understand the historical shift of the United States from a creditor to a debtor nation.

Comprehend the concepts of balance of payments, balance of trade, and their components.

Recognize the factors influencing the value of the U.S. dollar and its implications on the economy.

Grasp the significance and rationale behind international currencies and the gold standard system.

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Definitions:

Act Of State Doctrine

A doctrine that provides that the judicial branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

Principle Of Comity

The recognition and respect accorded by nations to the laws and judicial decisions of other nations, based on mutual respect and convenience, rather than obligation.

Confiscation

A government’s taking of a privately owned business or personal property without a proper public purpose or an award of just compensation.

Just Compensation

The fair and adequate compensation required to be paid to a property owner when their property is taken for public use under the eminent domain law.