Which of the Following Is Not a Reason Why the Industrial

question 173

Multiple Choice

Which of the following is not a reason why the Industrial Revolution occurred when and where it did?

• A)The British government was committed to upholding private property rights.
• B)The British government was able to eliminate arbitrary increases in taxes.
• C)The British government was able to more easily seize wealth.
• D)Institutional changes by the British government helped protect wealth.

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Definitions:

Direct Labor

The cost of labor directly involved in manufacturing a product or providing a service.

Total Manufacturing Costs

Reflects the aggregate amount spent on the production of goods, including costs related to materials, labor, and overhead within a specific period.

Direct Labor

Labor costs that are directly attributed to the work on specific goods or services, easily traced to individual units of production.

Manufacturing Overhead

These are indirect costs associated with manufacturing, not directly attributable to a specific product, such as factory rent, utilities, and maintenance.