Which of the Following Is a Manufacturing Innovation

question 2

Multiple Choice

Which of the following is a manufacturing innovation?

• A) Robotics.
• B) Laser cutting.
• C) New materials and bonding methods.
• D) Each answer is a manufacturing innovation.

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Definitions:

Market Equilibrium

A situation in which market supply equals market demand, so there is no incentive for price changes unless external conditions change.

Great Depression

A severe worldwide economic downturn during the 1930s, marked by prolonged unemployment, deflation, and significant declines in economic activity.

Economic Principle

Fundamental concepts that underpin the study and practice of economics, such as supply and demand or the cost-benefit analysis.

Productive Capacity

The maximum output a firm or economy can produce with its current level of resources and technology.