A proportionate saving in costs gained by an increased level of production
A series of workers and machines in a factory by which a succession of identical items is progressively assembled
An agreement among countries in a geographic region to reduce and remove tariff and non-tariff barriers to allow free flow of goods or services
The increase in final income arising from any new spending
Question 2
Question
Vertical integration is the [blank_start]combination[blank_end] in one firm of two or more stages of [blank_start]production[blank_end] normally operated by [blank_start]separate[blank_end] firms
Answer
combination
separate
production
Question 3
Question
Henry Ford's workers were paid well, this meant that
Answer
Other people wanted their jobs
They could retire
They became rich
They could afford a car
Question 4
Question
The production of one of Henry Ford's car took 24 hours
Answer
True
False
Question 5
Question
Henry Ford's car was known as the
Answer
Model Ford
Model S
Model T
1908 Ford
Question 6
Question
Henry Ford's mass production meant that cars were [blank_start]cheaper[blank_end]
Answer
cheaper
Question 7
Question
With regard to the spacial distribution of the production of automobiles, an [blank_start]increase[blank_end] in spending results in an [blank_start]increase[blank_end] in income
Answer
increase
decrease
increase
decrease
Question 8
Question
[blank_start]Communication[blank_end] has [blank_start]increased[blank_end] the spacial [blank_start]distribution[blank_end] of car [blank_start]manufacturers[blank_end]
Answer
Communication
increased
manufacturers
distribution
Question 9
Question
The rising fuel costs led to the demand in smaller, more fuel efficient cars
Answer
True
False
Question 10
Question
[blank_start]Specialisation[blank_end] is were each [blank_start]worker[blank_end] is trained to do minimal tasks in order to [blank_start]increase[blank_end] efficiency