4
QuizMultiple Choice

Government Influence and Labor Markets — Test

Question 4 • Economics

What led to Henry Ford’s success as an entrepreneur?

Answer
A
His desire to pay high wages.
B
His innovative production methods.
C
His personal wealth.
D
His commitment to improving labor laws.

Explanation

Henry Ford succeeded largely by using innovative production methods, especially the moving assembly line. It let his factories build cars more quickly and at lower cost, making automobiles affordable to many more people. His success was not primarily due to personal wealth or a focus on improving labor laws.

AI-written and checked against the verified answer.

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