What Was the Key Invention of Scottish Engineer James Watt

question 132

Multiple Choice

What was the key invention of Scottish engineer James Watt?

• A) the seed drill
• B) the draw bar (for looms)
• C) the blast furnace
• D) the basic light bulb
• E) an operating steam engine

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Definitions:

Soybeans Market

The economic market that deals with the buying and selling of soybeans, including its derivatives and products.

Economic Profits

The margin found by reducing total revenue by the sum of clear and concealed costs.

Market Price

The present price at which a service or asset is available for purchase or sale in the open market.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing excess earnings over the normal rate of return.