Computer-Aided Manufacturing Enables the Production Line to Quickly Honor Customer

question 42

True/False

Computer-aided manufacturing enables the production line to quickly honor customer requests for changes in product design and product mix.

Understand the role of technology and efficiency in resource use.

Explain the concept of demographic transition and its impact on population dynamics.

Relate energy consumption and economic output.

Describe the trends in waste generation and resource usage over time.

---

Definitions:

Joseph Stiglitz

An American economist and professor known for his work on income distribution, risk, and information economics, and a recipient of the Nobel Memorial Prize in Economic Sciences.

NAFTA Treaty

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries and facilitate the free flow of goods and services.

Trade Balance

The difference between a country's exports and imports over a certain period, indicating the net earnings from trade.

European Common Market

The European Common Market, also known as the European Single Market, is an integrated territory across the European Union that allows for the free movement of goods, services, capital, and people.