Which of the Following Industrial Changes Allowed the Smallest Start-Up

question 24

Multiple Choice

Which of the following industrial changes allowed the smallest start-up manufacturers to compete with great industrial capitalists?

• A)A positive trade balance at the turn of the 20th century.
• B)The completion of the national railroad network.
• C)The development of the moving assembly line as a division of labor in manufacturing.
• D)The transition from private electric generators to centralized utility based power production.

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Definitions:

Labor Force

The total number of people employed or seeking employment in an economy at any given time.

Economic Opportunities

Opportunities within an economy for individuals and businesses to create value, income, and employment through entrepreneurial ventures or investments.

Political Oppression

The unjust or cruel exercise of authority or power by a government or political entity over individuals or groups, often to maintain control or suppress dissent.

Human Capital

The abilities, expertise, and learning that a person or group holds, considered in relation to their significance or expense for a company or nation.