Question

In: Economics

For each of the following, indicate whether the idea is most closely associated with the first industrial revolution, the second industrial revolution, neither, or both.

Mechanization

The possibility of traveling from coast to coast in the US in

under a week

Feedback loops

The internet

The flying shuttle

The steam engine

Railroads

Telegraph

A technological (as opposed to political) revolution

1. First Industrial Revolution

2. Second Industrial Revolution

3. Neither

4. Both

Solutions

Expert Solution

1. Mechanization related to first industrial revolution.

Reason:- With the advent of industrial revolution, mechanization took place in the hand in the hand loom business.

2. The possibility of travelling from coast to coast in the US in under a week related to second industrial revolution.

Reason:- After advent of increase in the production of goods and services many opted for sales from one coast to another cost to expand the business. Many advancement in the transportation took place.

3. Feedback loops related to second industrial revolution.

Reason:- It is the positive experience of the people who involved in the business. The transformation of traditional to the modern techniques paved the way of feeling good thought of improvement in their business sales.

4. The internet related to none of neither first or second revolution.

Reason:- The internet connection was introduced only in 1960s after super computers was introduced.

5. Flying shuttle related to first industrial revolution.

Reason:-Weavers used the Flying Shuttle in producing weaving clothes.

6, The Steam engine related to first industrial revolution.

Reason:-The steam engine was used as main transportation of movement of goods and services in early 18th century.

7. The Rail Roads related to first industrial revolution

Reason:- It was also considered as the main source of transportation

8. Telegraph related to first industrial revolution

Reason:-It was also considered as the main source of communication.

9. A Technological Revolution related to first industrial revolution.

Reason:-It was also considered as the main source of technological upgrade of goods.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

For each of the following, indicate whether the idea is most closely associated with the first...

For each of the following, indicate whether the idea is most closely associated with the first industrial revolution, the second industrial revolution, neither, or both. Question 1 options: 1 Railroads 12 Time zones 3 The steam engine 4 Steam boats 5 Mechanization 5 Telegraph 6 A technological (as opposed to political) revolution 7 The internet 8 The possibility of traveling from coast to coast in the US in under a week 1. First Industrial Revolution 2. Second Industrial Revolution 3....

For each of the following, indicate whether the idea is most closely associated with the first...

For each of the following, indicate whether the idea is most closely associated with the first industrial revolution, the second industrial revolution, neither, or both. Question 1 options: 1234 Steam boats 1234 Time zones 1234 The internet 1234 Railroads 1234 The steam engine 1234 Mechanization 1234 Telegraph 1234 The possibility of traveling from coast to coast in the US in under a week 1234 A technological (as opposed to political) revolution 1. First Industrial Revolution 2. Second Industrial Revolution 3....

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics ('the accepted sequence') or heterodox economics ('the revised sequence'). ___ Prices are set in advance of (that is, before) market trading ____ Price = average costs (direct and overhead) times (one plus the profit mark-up) ___ A technological change which makes production cheaper will be adopted by perfectly competitive firms, ultimately leading to lower prices for consumers ___ Technological change can cause obsolescence and...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics ('the accepted sequence') or heterodox economics ('the revised sequence'). ____ An important role of prices is to ensure sufficient (not maximum) profits so firms can survive and grow through investment ____ Demand management ____ Some power passes from top management to his/her subordinates because only the subordinates have the specialized knowledge necessary to make informed decisions ___ Price = average revenue according to demand...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics ('the accepted sequence') or heterodox economics ('the revised sequence'). ___Firms compete through their investments (as opposed to price) ___Price = average revenue according to demand at the quantity where marginal cost = marginal revenue ___Some power passes from top management to his/her subordinates because only the subordinates have the specialized knowledge necessary to make informed decisions ___The goals of the firm reflect its owners'...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics...

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics ('the accepted sequence') or heterodox economics ('the revised sequence'). ____ Price competition is very often destabilizing, threatening the survival of the firm ____ Price competition between firms is an essential part of the equilibrating process in capitalist economies ____ An important role of prices is to ensure sufficient (not maximum) profits so firms can survive and grow through investment ____ Demand management

Which of the following are most closely associated with the idea of absolute advantage in trade?

Which of the following are most closely associated with the idea of absolute advantage in trade? A) Karl Marx B) Adam Smith c) Milton Friedman D) John Maynard Keynes E) David Ricardo

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics ('the accepted sequence') or heterodox economics ('the revised sequence').

For each of the ideas below, indicate whether it is most closely associated with neoclassical economics ('the accepted sequence') or heterodox economics ('the revised sequence').___Consumer sovereignty____Prices change rapidly according to supply and demand, with competition ensuring that price reflects minimum average costs of production__Price competition generally benefits society as a whole___Prices in most markets are administered by the dominant firms in that market

Racism is most closely associated with which of the following?

Racism is most closely associated with which of the following? ideologies structural Functionalism education Thistoricity

The Industrial Revolution was not a single event, but rather three sequential revolutions: the First, Second,...

The Industrial Revolution was not a single event, but rather three sequential revolutions: the First, Second, and Third Industrial Revolutions. How would you compare each to the other; how did goals, inventions, scope and spread change? Which revolutionary period do you think caused the most change from the previous condition? Why do you choose that one; what were those changes? What was its effect in emigration's to the new world?

Subjects