Which of the Following Is the Least Likely Factor Contributing

question 8

Multiple Choice

Which of the following is the least likely factor contributing to early British dominance in the watchmaking industry?

• A)Watchmakers employed laborers in the British countryside at a considerably lower wage than laborers in London would demand
• B)British watches were priced lower than other makers
• C)Watchmakers benefitted from a division of labor
• D)Large local demand made specialization of labor possible
• E)Crucible steel was manufactured by a British monopoly

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Definitions:

Economic Activities

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Measurement System

The collection of units of measurement and rules relating them to each other, used to quantify physical quantities.

Accounting Equation

A fundamental principle of accounting stating that assets equal liabilities plus owners' equity, representing the balance sheet's structure.

Assets

Resources owned or controlled by a business, expected to produce benefits or economic value in the future.