Multiple Choice
Technology is
A) anything that will enable a given amount of capital and labor to produce more output.
B) another name for capital.
C) another name for productivity.
D) any type of invention.
E) the application of science to production.
Correct Answer:
Verified
Correct Answer:
Verified
Q79: The government should formulate a technology policy
Q80: Some economists believe that productivity growth is
Q81: Explain why the discussion about the former
Q82: The growth accounting formula was developed by<br>A)Adam
Q83: Prior to 1800, productivity growth averaged<br>A)1 percent
Q85: If the growth rate of capital per
Q86: Which part of technological change best refers
Q87: Which of the following statements is true
Q88: Capital is not subject to diminishing returns.
Q89: What test should be performed to determine