Asked by
Viridiana Fernandez
on Oct 12, 2024Verified
Each of the following would be an example of technological change,except
A) increases in output due to increases in capital.
B) improvements in the qualities of resources.
C) improved knowledge about how to combine resources.
D) the introduction of totally new production processes.
Technological Change
The process of innovation and development in technology, leading to new products, improved processes, and increased efficiency.
Production Processes
The methods and sequences of activities involved in the manufacture of goods, encompassing everything from material selection to final output.
- Distinguish between types of economic changes, including technological advancements and their impact on productivity.
Verified Answer
GA
Learning Objectives
- Distinguish between types of economic changes, including technological advancements and their impact on productivity.