Technology can enable producers to economize on:
A)labor
B)capital
C)land
D)any of the above.

Question

Technology can enable producers to economize on:
A)​labor
B)​capital
C)​land
D)​any of the above.

Quizplus · Accepted Answer

Technology can enable producers to economize on any of the factors of production - labor, capital, or land. For example, robotics can reduce the need for labor, 3D printing can reduce the need for physical capital, and precision farming can increase the productivity of land. Therefore, any of the options could be a viable choice.

Technology Can Enable Producers to Economize On