An advance in technology commonly refers to the ability to produce
A) the same output with a smaller quantity of resources.
B) more output with a fixed quantity of resources.
C) more output with a greater quantity of resources.
D) both a and b
E) both b and c

Question

Quizplus · Accepted Answer

An advance in technology can result in both a reduction in the use of resources and an increase in output. This is achieved through improved efficiency, better processes, and the use of new and more effective tools or techniques. Therefore, both option A (the same output with a smaller quantity of resources) and option B (more output with a fixed quantity of resources) are possible outcomes of technological advances.

An Advance in Technology Commonly Refers to the Ability to Produce