RLG100Y1 Lecture Notes - Jnana Yoga

10. Much of the existing heterogeneity across countries ultimately derives from A. different levels of knowledge capital across countries B. different intelligence levels across races C. differences in natural capital endowments D. cultural differences

In economics, technology is defined as:

A. the knowledge available for use in production.

B. being constant and unchanging.

C. advanced equipment and machinery.

D. things like computers and wireless networks.

E. equally available for all firms.