QUESTION IMAGE
Question
which of the following is a disadvantage of mass production?
a) lost jobs
b) productivity gains
c) job gains
d) increased profits
question 20 (5 points)
which of the following is an effective means of measuring a nations economic health?
a) estate taxes
b) the price of consumer goods
c) gross domestic product
Brief Explanations
- For the first question: Mass production often leads to automation, which can result in job losses as machines replace human workers. Productivity gains, job gains, and increased profits are generally considered advantages of mass production.
- For the second question: Gross domestic product (GDP) is a widely - used measure to assess a nation's economic health as it represents the total value of all goods and services produced within a country's borders in a specific period. Estate taxes are a form of taxation and not a comprehensive measure of economic health. The price of consumer goods is just one aspect and not a full - fledged measure like GDP.
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- A. Lost jobs
- C. Gross domestic product