🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
64
views

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.

Watch
1
answer
0
watching
64
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Insha Fatima
Insha FatimaLv10
27 Sep 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Human capital is best defined as:

a. any piece of machinery that must be combined with labor to be productive.

b. the productive skills and knowledge that workers acquire from education and training.

c. the substitution of labor for machinery in the production process.

d. the exchange of money for real assets.

 

43) Some firms use large amounts of capital and small amounts of labour, while others use small amounts of capital and large amounts of labour to A) use the best available technology. B) maximize production. C) maximize profit. D) use the resources that are most readily available. E) use surpluses of labour and capital and eliminate unemployment of these resources.

Economics assumes people and firms:

A. are rationalare rational, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

B. use all available information to achieve their goals, respond to incentives, and make decisions by continuing any activity up to the point where the marginal benefit equals zero.

C. use all available information to achieve their goals, use all available information to achieve their goals ,respond to incentives, and make decisions by comparing total benefits with total costs.

D. are rational, respond to incentives, and make all-or-nothing decisions.

E. always make the best decisions, always make the best decisions, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in