Who Among the Following Was the First Person to Develop

question 51

Multiple Choice

Who among the following was the first person to develop the workings of a factory on American soil?

• A)James Madison
• B)Samuel Slater
• C)Eli Whitney
• D)Cyrus McCormick
• E)James Tallmadge

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Definitions:

Cost-Benefit Analysis

An economic evaluation method that compares the relative costs and benefits associated with a proposed project or decision.

Opportunity Cost

The worth of the best alternative given up when a decision is made.

Cost-Benefit Analysis

An evaluation process that compares the costs and benefits of a decision or project to determine its feasibility or worth.

National Defense

Activities and measures taken by a government to protect its country from external threats and ensure national security.