Knowledge that can be applied to the production of goods and services is:
A) natural resources.
B) specialization.
C) technology.
D) comparative advantage.
Correct Answer:
Verified
Q28: A person who seeks to earn profits
Q29: Who may benefit from technological progress?
A) consumers
B)
Q30: The textbook classifies technology as _ and
Q31: The set of acquired skills and abilities
Q32: The difference between iron ore deposits and
Q34: Improvements in technology provide benefits to:
A) consumers,
Q35: Two components of labor are:
A) residential location
Q36: The production possibilities curve represents the fact
Q37: Technology is:
A) knowledge that can be applied
Q38: An example of a natural resource is:
A)
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