The difference between technology and technological change is that
A) technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques.
B) technology is carried out by firms producing physical goods but technological change is an intellectual exercise into seeking ways to improve production.
C) technology involves the use of capital equipment while technological change requires the use of brain power.
D) technology refers to the processes used by a firm to transform inputs into output while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs.
Question 2
Marginal utility can be
A) positive. B) negative.
C) zero. D) positive, negative, or zero.
Some uses of recombinant DNA technology for making improved vaccines
Some uses of recombinant DNA technology for making improved vaccines
Barriers to change
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
Elaboration Likelihood Model of Attitude Change
Sheridan Motors is a car dealership that would like to investigate if there is a difference in ...