Technological advances make it possible to
A) produce goods without using any resources.
B) obtain the same output by using more resources.
C) obtain the same output by using fewer resources.
D) lower labor productivity.

Question

Quizplus · Accepted Answer

Technological advances allow for improvements in efficiency and productivity, ultimately leading to the ability to produce the same output (or more) while using fewer resources. This can be achieved through automation, better equipment and tools, and improved processes. Option A is not feasible as all production requires some use of resources. Option B is also not favorable as it leads to inefficiency and waste of resources. Option D is incorrect as technological advances often result in increased labor productivity.

Technological Advances Make It Possible to