The stage of industrial development during the early part of the 20th century is usually referred to as Fordism. The characteristics of this system include all of the following except
(a) Moving assembly-line production
(b) Mass production of relatively inexpensive consumer goods
(c) The extensive use of skilled labor to produce complex consumer goods
(d) Consumer durable goods purchased on installment credit
(c)
Economics
You might also like to view...
The "shoe-leather costs" of inflation are the costs from
A) the government taking a higher percentage of interest income. B) higher prices for all goods, including necessities such as shoes. C) confusion as people lose track of real costs and benefits. D) higher taxes due to higher inflation. E) time spent trying to spend money quickly.
Economics
What is the most common type of business?
A) partnership B) corporation C) sole proprietorship D) They are equally represented because of federal laws.
Economics