Which of the Following Did Not Occur During the Industrial

question 171

Multiple Choice

Which of the following did not occur during the Industrial Revolution?

• A)Production became more reliant on highly specialized equipment.
• B)A more efficient division of labor was promoted.
• C)Workers bore much of the costs of production.
• D)The transaction costs of contracting with individual resource owners were reduced.
• E)Technological development increased the productivity of most workers.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law in all 50 states.

Electronic Commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

2001 Revisions

Modifications or updates made in the year 2001 to laws, regulations, or documents.

Article 1

Typically refers to the first section or chapter of a legal document or constitution, which often outlines the basic framework or principles of the document.