What do economists mean by "technology?"
A) computers and other electronic devices.
B) equipment used to produce other goods.
C) knowledge, techniques and tools used to produce goods.
D) software

Question

Quizplus · Accepted Answer

Economists refer to technology as the knowledge, techniques, and tools used in the production of goods and services. While computer devices and software may be considered technological tools, they represent specific applications of technology rather than the broader concept of technology itself. Similarly, equipment used to produce other goods may be tools that require technological expertise, but they are not synonymous with the concept of technology.

What Do Economists Mean by "Technology