Haley discovers a new way to design automobile engines so that they use less gasoline. Haley's finding is an example of
A)physical capital. If Haley's discovery leads to lower gasoline prices, it has made gasoline less scarce.
B)physical capital. If Haley's discovery leads to lower gasoline prices, it has made gasoline scarcer.
C)technological knowledge. If Haley's discovery leads to lower gasoline prices, it has made gasoline less scarce.
D)technological knowledge. If Haley's discovery leads to lower gasoline prices, it has made gasoline scarcer.

Question

Quizplus · Accepted Answer

Haley's discovery is an example of technological knowledge, as it is a new idea or innovation that improves the production process. If her discovery leads to lower gasoline prices, it makes gasoline less scarce because it increases the efficiency with which it is used.

Haley Discovers a New Way to Design Automobile Engines So