Technological advancement is the ability to produce a given amount of output by using
less of all inputs.
Correct Answer:
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Q8: Market prices are market-clearing prices because they
Q9: Factor substitution suggests that basic resources do
Q10: It is possible to substitute natural capital
Q11: Environmental resources can always be substituted by
Q12: Technological advance implies a possibility of producing
Q14: The anthropocentric economic view implies that environmental
Q15: The primary goal of a market-oriented economy
Q16: Economics approach is called anthropocentric because
A) Environmental
Q17: The provision of ecosystem services
A) Are essential
Q18: The natural environment is assumed to depend
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