Ransom

question 184

Multiple Choice

Ransom

• A)was the first automobile manufacturer to use a division of labor and an assembly line.
• B)was the first automobile manufacturer to manufacture a standardized engine with interchangeable parts.
• C)sold millions of cars at a small unit of profit that allowed his company to dominate the industry.
• D)All of the choices are true.
• E)Olds

---

Definitions:

U.S. Productivity

The measurement of how efficiently goods and services are produced in the United States, often measured as output per hour of labor.

GDP

Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.

Transportation

The movement of people, animals, goods, and materials from one location to another through various means, such as vehicles, trains, ships, and airplanes.

Developed Countries

Nations with advanced economic systems, higher standards of living, and stable governments.