Ransom E. Olds
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.
A. was the first automobile manufacturer to use a division of labor and an assembly line.
You might also like to view...
All the following statements about the Federal Reserve are true EXCEPT the fact that it ________
A) is a public authority B) regulates a nation's depository institutions C) accepts checking deposits from the nation's residents D) controls the quantity of money
Simple money multiplier is the reciprocal of the ________
a. discount rate b. lending interest rate c. required reserve ratio d. deposit rate
Economist B says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Government should either raise its __________ or cut _________________. I believe the tax multiplier is larger than the government spending multiplier, so I suggest government ___________________
A) taxes; spending; cut taxes B) spending; taxes; cut taxes C) taxes; spending; raise spending D) spending; taxes; raise spending E) none of the above
For a price-taking firm, marginal revenue
A. is the addition to total revenue from producing one more unit of output. B. decreases as the firm produces more output. C. is equal to price at any level of output. D. both a and b E. both a and c