Since Henry Ford first adapted the conveyor belts of grain factories to create an assembly line, there have been several modifications of that basic concept, each of which has made it possible for today’s manufacturers to produce goods from spaceships to cotton balls. Identify four significant new manufacturing process that rely on new technologies and the manufacturing subsectors they affect, and discuss at least one specific application in manufacturing for each technology.

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.