Which of the Following Inventions Made It More Efficient to Bring

question 45

Multiple Choice

Which of the following inventions made it more efficient to bring many workers together, rather than sending work out to individuals in their own homes?

• A) The cotton gin
• B) The flying shuttle
• C) The water frame spinning machine
• D) The spinning mule
• E) The steam engine

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Definitions:

Interest Rates

The expense incurred when taking out a loan, usually represented as a yearly percentage rate of the principal amount.

Quantitative Easing

Fed purchases of long-term assets to stabilize financial markets, reduce long-term interest rates, and improve the investment environment.

Long-Term Assets

Long-term assets are resources owned by a company projected to provide economic value for more than one fiscal year, such as real estate, machinery, and patents.

Interest Rates

The cost of borrowing money or the return on investment for savings, playing a central role in monetary policy and financial decision-making.