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- Subject
- Basic of Economicseconomics-mcqs › basic-of-economics
- Published
- 26 May 2019
- Last updated
- 28 May 2026
What term describes a setup where workers, machines, and tools are organized so that a product moves sequentially through each operation, resulting in finished goods produced efficiently but without personal touch?
Multiple choice question for Basic of Economics. Select an option, then review the explanation below.
Explanation
Option A refers to an assembly line, and option B refers to a production line. Both involve the sequential movement of products through various operations, making option C the correct choice as it includes both concepts.
More Basic of Economics MCQs
Practice related questions from the same subject.
- 1.Which of the following best describes deflation?
- 2.Under what condition can two nations benefit from engaging in international trade?
- 3.Which of the following represents a legitimate form of currency?
- 4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
- 5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?