In economics, the term technology refers to different ways of ...

[misspop]

In economics, the term technology refers to different ways of combining resources to produce output. In this sense, technological advances make possible the production of more output from a given amount of resources.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Consumer surplus increases whenever the price of a good decreases.
 a. True
  b. False
  Indicate whether the statement is true or false

[janeli]

Answer to Question 1

True

Answer to Question 2

True