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Author Question: In the context of the history of American business, which of the following is a true statement about ... (Read 129 times)

bb

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on: Jul 14, 2018
In the context of the history of American business, which of the following is a true statement about the industrial revolution?
 A) Firms aimed at building long-term relationships with customers during the industrial revolution.
  B) During the industrial revolution, there was a loss of personal pride in the production process.
  C) The production efficiency was the lowest during the industrial revolution.
  D) During the industrial revolution, there was a creation of individual ownership in the production process.

Question 2

How do trade restrictions typically affect consumers?


scrocafella

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Reply #1 on: Jul 14, 2018
Answer to Question 1

B

Answer to Question 2

Trade restrictions usually impact consumers through higher prices due to an imposition of tariffs or the elimination of foreign competition. Consumers are also impacted through reduced choice for product selection due to a lessened array of options.


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