What does the term technology mean to an economist?
A) The way various factors of production are combined to obtain output.
B) The most recent methods of production.
C) High-tech methods of production as found,for example,in the computer industry.
D) The way in which products are allocated.
Correct Answer:
Verified
Q20: The maximum production possible in Rome and
Q21: Which pair of the four Cs would
Q22: The graph below is Mendork's production possibility
Q23: All of the following statements,except one,are normative
Q24: Which of the following statements describes the
Q26: All of the following statements,except one,are positive
Q27: All of the following except one are
Q28: Which pair of the four Cs plays
Q29: Which of the following is a capital
Q30: All of the following except one are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents