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    Exam 2: Production Possibilities and Economic Systems
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    Technology Is Defined in Economics as
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Technology Is Defined in Economics as

Question 98

Question 98

Multiple Choice

Technology is defined in economics as


A) output beyond the production possibilities boundary.
B) the utilization of the most advanced machinery.
C) society's pool of applied knowledge concerning how goods and services can be produced.
D) the most advanced computer hardware and software.

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