Multiple Choice
Technology is:
A) knowledge that can be applied to the production of goods and services.
B) generally unlimited in modern economies.
C) a graphical illustration of the alternative combinations of goods and services an economy can produce.
D) the resources the economy has available to produce goods and services.
Correct Answer:
Verified
Correct Answer:
Verified
Q74: Use the following to answer question(s): <br>Exhibit:
Q75: Any point inside a production possibilities curve
Q76: Resources from nature that can be used
Q77: If an economy is producing a combination
Q78: The economy's factors of production are not
Q80: In a market capitalist economy:<br>A) factors of
Q81: Increases in resources or improvements in technology
Q82: In the 1980s, the federal government undertook
Q83: Efficient production exists when the economy is:<br>A)
Q84: A factor of production that is produced