An economy's technology is:
A) the unchanging part of manufacturing processes.
B) its ways of using resources to produce goods.
C) a machine used to produce a particular product.
D) a process for discovering new goods and services.
Correct Answer:
Verified
Q2: A preference ordering gives the:
A)order of admission
Q3: When economists evaluate the effect of carbon
Q4: Microeconomics is concerned with:
A)distinguishing good from bad
Q5: Preferences are:
A)the amount of happiness one has.
B)what
Q6: The market supply curve is upward sloping
Q7: Which of the following is an example
Q8: An individual supply curve tells us how
Q9: A perfectly competitive market has all of
Q10: Normative economics includes all of the following
Q11: A pure market economy:
A)offers no role for
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