Technology is
A) society's pool of knowledge of how to produce goods and services.
B) a resource like land or physical capital.
C) computers and lasers.
D) not obtainable by engaging in activities that increase human capital.

Question

Quizplus · Accepted Answer

Technology encompasses more than just computers and machinery. It includes knowledge and skills used by society to produce goods and services, as well as the methods and processes used to create and refine products. Therefore, option A is the best choice. Options B and C do not fully capture the breadth of technology, and option D is incorrect as activities that increase human capital can lead to the development and acquisition of new technology.

Technology Is